A salesperson earns a commission of
$493
for selling
$2900
in merchandise.
Find the commission rate. Write your answer as a percentage.
The commission rate can be found by dividing the commission earned by the amount of merchandise sold:
Commission rate = (Commission earned / Amount sold) x 100%
Plugging in the given values, we get:
Commission rate = ($493 / $2900) x 100%
Commission rate = 0.17 x 100%
Commission rate = 17%
Therefore, the commission rate is 17%.
To find the commission rate as a percentage, divide the commission amount by the sales amount and multiply by 100:
Commission rate = (Commission amount / Sales amount) * 100
Given that the commission amount is $493 and the sales amount is $2900, we can plug in these values:
Commission rate = (493 / 2900) * 100
Commission rate = 0.17 * 100 = 17%
Therefore, the commission rate is 17%.