I need help with the steps on how to do this following problem:
Bert received a commission of $247.50. If he works for 15% commission what price of the cat did he sell?
0.15p = 247.50
p = 247.50/0.15 = ?
What on earth is "price of the cat?"
0.15x = 247.50
x = ?
To find the price of the cat that Bert sold, we can use the formula for calculating commission:
Commission = Rate × Sale Price
In this case, we know the commission amount Bert received ($247.50) and the commission rate (15%). We need to find the sale price of the cat, which is what we are looking for.
To solve the problem, we can follow these steps:
Step 1: Convert the commission rate to a decimal.
The commission rate is given as a percentage, so we need to convert it to a decimal by dividing it by 100.
15% ÷ 100 = 0.15
Step 2: Use the formula to find the sale price.
Plug in the known values into the formula:
$247.50 = 0.15 × Sale Price
Step 3: Solve for Sale Price.
To find the Sale Price, divide both sides of the equation by 0.15:
$247.50 ÷ 0.15 = Sale Price
The Sale Price can be found by dividing $247.50 by 0.15:
Sale Price = $247.50 ÷ 0.15
Using a calculator, we can perform the division to find the Sale Price:
Sale Price = $1650
Therefore, Bert sold the cat for $1650.