An interior decorator buys furniture at the "dealer price," but he charges his clients the "retail price" instead of charging a commission. A client pays $3,00 . for furniture that had a "dealer price" of $2,500 . To charge the client the same dollar amount, but calculating it as a commission, what commission rate would the decorator have to use?
$3,00 . - $2,500 = $500;
$500 $2,500 = 0.20, or 20%
Business
You might also like to view...
According to the Department of Labor, a small business employs fewer than ______ workers.
a. 25 b. 50 c. 75 d. 100
Business
A feature is an abstract construct if it can be directly measured using physical characteristics.
Answer the following statement true (T) or false (F)
Business
The largest experimental statistical study ever conducted is believed to be for a. Cholera
b. Polio. c. Diphtheria. d. Malaria.
Business
What causes profits to increase for rail carriers as fuel prices increased?
a. Use of bulk purchases b. Reduction of container on flatcar c. Reduction of trailer on flatcar d. None of the above
Business