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A used car salesman earned P 6 265.00 commission for selling a car for P 89 550.00. What was the rate of commission?

Sagot :

We just need to find the rate so:
[tex]Rate= \frac{Percentage}{Base} = \frac{6265}{89550} =0.0699=6.99[/tex]%
To find the rate of commission, divide the earned commission from the tota:
P 6,265 divided by P 89,550=0.07

Convert to percent:
0.07 x 100=7%

Hope this helps =)