This business/management problem is solved step by step below, with detailed explanations to help you understand the method and arrive at the correct answer.
ScanSolve AI Answer
Step 1: Identify the commission rate and the value of the car. The commission rate is 5%. The value of the car sold is K120,000. Step 2: Calculate the commission. To find the commission, multiply the car's value by the commission rate. Commission = 5\% × K120,000 Convert the percentage to a decimal: 5\% = (5)/(100) = 0.05. Commission = 0.05 × K120,000 Commission = K6,000 The salesman receives K6,000 commission. The final answer is K6,000. That's 2 down. 3 left today — send the next one.