Stoplight Auto Center is selling its shares for $28.75. How much commission would the auto center pay on a sale of 90 shares with a 10% commission?

1 Answer
sankarankalyanam
Jul 2, 2018

color(green)("Commission to be paid by the auto center " = $258.75

Explanation:

"Selling price of one share " = $28.75

"Selling price of 90 shares " = 28.75 * 90 = $2,587.50

"Commission = 10% of selling price "

:. " Commission " C = (2587.5 * 10) / 100 = $258.75

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