Question

A salesperson sells $2900 in merchandise and earns a commission of $348.
Find the commission rate. Write your answer as a percentage.

Answer 1

To find the commission rate, you can use the formula for commission rate, which is:

\[
\text{Commission Rate} = \frac{\text{Commission}}{\text{Sales}} \times 100
\]

In this case, the commission is \(348\) dollars and the sales are \(2900\) dollars.

Now, substituting the given values into the formula:

\[
\text{Commission Rate} = \frac{348}{2900} \times 100
\]

Now, perform the division:

\[
\frac{348}{2900} \approx 0.12069
\]

Now, multiply by 100 to convert this to a percentage:

\[
0.12069 \times 100 \approx 12.07
\]

Therefore, the commission rate is approximately **12.07%**.