Briella Briella
  • 16-05-2024
  • Mathematics
College

Calculate the commission on \$143,400 at a rate of 5.5%.

[tex]\$143,400 \times 5.5\%[/tex]

Answer :

GinnyAnswer GinnyAnswer
  • 13-02-2024
To find the commission amount from a sale of [tex]$143,400 at a commission rate of 5.5%, follow these steps:

1. Convert the Percentage to a Decimal:
- The commission rate is given as 5.5%. To use it in a calculation, convert it to a decimal by dividing by 100.
- \( 5.5\% = \frac{5.5}{100} = 0.055 \).

2. Calculate the Commission Amount:
- Multiply the sale price by the commission rate in decimal form.
- \( 143,400 \times 0.055 = 7,887.0 \).

Therefore, the commission amount is $[/tex]7,887.00.
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