Answer:
Average commission = $385.50
Step-by-step explanation:
Commission is calculated by multiplying the sales price by the decimal equivalent of the percentage. To convert a percentage to a decimal, we can divide by 100, or move the decimal point two places to the left:
1.5 = .015 or [tex]\frac{1.5}{100}=.015[/tex]
Since the average car sold at the dealship is $25,700, we can multiply this sales price by 0.015 to get the amount of commission made on average:
25,700 x 0.015 = $385.50.
