If $0.2 is commission for sales of $1,000, what percent of sales amount is the commission?
If $0.2 is commission for sales of $1,000, what percent of sales amount is the commission?
Answer/Solution
0.02%
Steps/Work
% of sales amount of commission = (Commission/Total Value) *100 = (0.2/1000) * 100 = 0.02%. Answer C.