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Answer :
To calculate the commission, we need to multiply the given amount by the commission rate. Here's how you can do it step-by-step:
1. Identify the Amount and Commission Rate:
The amount is [tex]$143,400 and the commission rate is 5.5%.
2. Convert the Commission Rate to a Decimal:
To use the commission rate in calculations, convert it from a percentage to a decimal.
To do this, divide 5.5% by 100:
\[
5.5 \% = \frac{5.5}{100} = 0.055
\]
3. Calculate the Commission:
Multiply the amount by the decimal form of the commission rate:
\[
\$[/tex]143,400 \times 0.055 = \[tex]$7,887.0
\]
So, the commission is $[/tex]7,887.00.
1. Identify the Amount and Commission Rate:
The amount is [tex]$143,400 and the commission rate is 5.5%.
2. Convert the Commission Rate to a Decimal:
To use the commission rate in calculations, convert it from a percentage to a decimal.
To do this, divide 5.5% by 100:
\[
5.5 \% = \frac{5.5}{100} = 0.055
\]
3. Calculate the Commission:
Multiply the amount by the decimal form of the commission rate:
\[
\$[/tex]143,400 \times 0.055 = \[tex]$7,887.0
\]
So, the commission is $[/tex]7,887.00.
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