Question

A boat salesperson earns a 2.5% commission on the sale of each boat. How do you find the commission earned on a boat that sells for $18,500?

Answer 1

I found `$462.5`

Explanation:

You can think in term of divisions:
If we call the entire amount `100`, the commission is `2.5` of it, while for `18,500`, corresponds to `x` and so it must be:
`100/2.5=(18,500)/x`
Rearranging:
`x=(18,500×2.5)/100=$462.5`

Hope it helps!