Find the commission on a $500 sale with a commission rate of 12.5%
$500 * 0.125 = ?
To find the commission on a $500 sale with a commission rate of 12.5%, you need to multiply the sale amount by the commission rate.
Step 1: Convert the commission rate from a percentage to a decimal by dividing it by 100. In this case, 12.5% becomes 0.125.
Step 2: Multiply the sale amount by the commission rate. In this case, multiply $500 by 0.125:
$500 * 0.125 = $62.50
Therefore, the commission on a $500 sale with a commission rate of 12.5% is $62.50.