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An agent sold some cattle for Mr.
Thompson for $3,750.00 and charged
$187.50 for his commission.
What was his rate of commission?​


Sagot :

Answer:

5%

Step-by-step explanation:

Rate of Commission = Commission ÷ Sales

Rate of Commission = $187.50 ÷ $3,750

Rate of Commission = 0.05 or 5 %

Answer:

               Rate of commission =   [tex]\frac{187.50}{3,750.00}[/tex]

                                                   = 20 %

               The rate of commission of the agent is 20 %