2) bookers father sells computer software and earns a 4.25% commission on every software package he sells…

2) bookers father sells computer software and earns a 4.25% commission on every software package he sells. how much commission would he earn on a software package that sold for $15,725? round to the nearest cent. (example 1)

2) bookers father sells computer software and earns a 4.25% commission on every software package he sells. how much commission would he earn on a software package that sold for $15,725? round to the nearest cent. (example 1)

Answer

Explanation:

Step1: Identify the commission - rate and the selling price

The commission rate is 4.25% or 0.0425 in decimal form, and the selling price of the software package is $15,725.

Step2: Calculate the commission

The formula for calculating commission is Commission = Commission - rate×Selling price. So, Commission = 0.0425×15725. $0.0425\times15725 = 668.3125$

Step3: Round the result

Rounding 668.3125 to the nearest cent gives 668.31.

Answer:

$668.31$