Rob Polanski is a tractor salesman. Last week his total sales amounted to \$38,642.00, and he received \$2,704.94 in commission. What is his rate of commission?
Rob Polanski is a tractor sales man. Last week his total sales amounted to \$38,642, and he received \$2,704.94 in commission. His rate of commission is 7%. Solution: 2,704.94 / 38,642 = 0.07 0.07 * 100 = 7% (answer)
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Question
Updated 173 days ago|6/4/2020 1:11:12 PM
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Rob Polanski is a tractor sales man. Last week his total sales amounted to \$38,642, and he received \$2,704.94 in commission. His rate of commission is 7%.
Solution:
2,704.94 / 38,642 = 0.07
0.07 * 100 = 7% (answer)
Added 173 days ago|6/4/2020 1:11:12 PM

Questions asked by the same visitor
Noel Devine bought a new dishwasher for \$320. He paid \$20 down and made 10 monthly payments of \$34. What actual yearly interest rate did Noel pay?
Question
Updated 173 days ago|6/4/2020 1:12:08 PM
Noel Devine bought a new dishwasher for \$320. He paid \$20 down and made 10 monthly payments of \$34. The actual yearly interest rate that paid was 14.55% .

Solution:
Downpayment + Monthly payment x number of installments = 20 + (34 * 10 )
= 20 + 340 = 360
Interest = 360 - 320 = 40
r = i * 100/ P * nr
r = 40 * 100 / 320 * 10/12
r = 4000/266 2/3 = 14.55% (answer)
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