milo receives a commission of 4% on all sales. if his commission on a sale was $71.48, find the cost of the…

milo receives a commission of 4% on all sales. if his commission on a sale was $71.48, find the cost of the item he sold. the cost of the item that milo sold was $

milo receives a commission of 4% on all sales. if his commission on a sale was $71.48, find the cost of the item he sold. the cost of the item that milo sold was $

Answer

Explanation:

Step1: Set up the proportion

Let the cost of the item be $x$. We know that 4% (or 0.04) of $x$ is equal to $71.48$. So, $0.04x = 71.48$.

Step2: Solve for $x$

Divide both sides of the equation by 0.04: $x=\frac{71.48}{0.04}$. $x = 1787$.

Answer:

1787