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An agent receives a commission of 40 cents for every $50 of business she procures. What percent is the agent's commission?
An agent receives a commission of 40 cents for every $50 of business she procures. What percent is the agent's commission?
Percent Commission = (0.40/50) × 100 = 40/50 = 0.8.
Alternatively, 1% of $50 is 50 cents.
Since the commission is 40 cents, it is less than 1%.
  • 1.5%
  • 1.25%
  • 2.5%
  • 0.8%
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