ANSWER
The commission rate is 8.39%
STEP-BY-STEP EXPLANATION:
Given data
• The total sales made = $90,800
,
• Earnings = $7, 624.00
As you can see from the question provided, the earnings made on the total sales is $7, 624.00
Let the commission rate be x
To find the commission rate, we will be using the below formula
[tex]\begin{gathered} \text{part = whole x percentage} \\ 7,\text{ 624 = 90,800 }\cdot\text{ x \%} \\ 7,\text{ 624 = 90,800x} \\ \text{Divide both sides by 90,800} \\ \frac{7,624}{90,\text{ 800}}\text{ = }\frac{90,\text{ 800x}}{90,\text{ 800}} \\ x\text{ = }\frac{7,\text{ 624}}{90,\text{ 800}}\text{ x 100\%} \\ x\text{ = 0.0839 }\cdot\text{ 100\%} \\ x\text{ = 8.39\%} \end{gathered}[/tex]
Hence, the commission rate is 8.39%
