Question

milo receives a commission of 2% on all sales.if his commission on a sale was $32.04 find the cost of the item he sold

Answer 1

Let the commossion be C on a sale of item at cost S.

Given that the is 2% of the selling cost,

$\begin{gathered} C=2\text{ Percent of }S \\ C=\frac{2}{100}S \\ C=0.02S \end{gathered}$

Also given that the commission for a particular item was $32.04,

$C=32.04$

Substitute the value and obtain the value of cooresponding sale cost,

$\begin{gathered} 32.04=0.02S \\ S=\frac{32.04}{0.02} \\ S=\frac{3204}{2} \\ S=1602 \end{gathered}$

Thus, the cost of the item sold was $1602.