An angent makes 16% commission on an athletes signing bonus. If the bonus is $26,000, what is the agents commission?
4160
4160
4160
0.16 * 26,000 = ?
To find the agent's commission, we can use the following formula:
Commission = (Commission Rate / 100) * Bonus
We are given that the agent makes a 16% commission on the athlete's signing bonus, which is $26,000. Let's substitute the values into the formula:
Commission = (16 / 100) * $26,000
To calculate this, we can use multiplication and division:
Commission = (0.16) * $26,000
Commission = $4,160
Therefore, the agent's commission is $4,160.