Answer:
$7120 or $7565 is the minimum average premium they should charge per policy holder
Step-by-step explanation:
Small business can charge 80-85% of the total value of the policy as premium.
In this case the spending per policy holder is $8900
Hence, per policy holder has to pay a premium of
80-85% of $8900
$7120 or $7565 is the minimum average premium they should charge per policy holder
Answer:
the answer is 0.4 The reason is because 0.4 x8=0.32
Step-by-step explanation:
Answer:
5/24
Step-by-step explanation:
Find a common denominator and multiply, then convert to its simplest form.
Let
x= total cost of cars
y= total commission paid out for all cars sold
6%= 6/100 = .06
Set up an equation:
y= .06(x)
Given: x= $125,650
substitute into the y= .06(x)
multiply $125,650 by .06.
The answers would be: 7539
hope this helped :)
