A car dealer makes a 12% commission on every car sold. If the dealer sells a car for $10,000, how much does he make in commission?
0.12 * 10,000 = ?
To calculate the amount of commission the car dealer makes, you can follow these steps:
Step 1: Convert the commission rate to a decimal. The commission rate is 12%, which can be written as 0.12.
Step 2: Multiply the selling price of the car by the commission rate. In this case, the selling price is $10,000.
$10,000 x 0.12 = $1,200
Therefore, the car dealer makes a commission of $1,200.