1% = 100 1 2% = 2 ⋅ 100 1 = 50 1 300$ ⋅ 2% = 300 ⋅ 50 1 = 50 300 = 6% A n s w er : s a l es p erso n e a r n s $ 6
The salesperson earns a commission of $6 on a $300 sale at a rate of 2%. This is calculated by converting the percentage to a decimal and then multiplying it by the sale amount. The formula used is: Sale Amount × Commission Rate = Commission Earned.
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