Final answer:
Parts and wholes in fees and commissions are reflected in percentages or fractions where the commission is a portion of the total sale or fee, such as a 10% commission on a $1000 sale being $100.
Step-by-step explanation:
Parts and wholes in fees and commissions are represented by expressing the commission as a fraction or percentage of the total amount of sales or service fees. For example, if an agent sells a product worth $1000 and the commission rate is 10%, the 'part' that represents the commission will be $100, which is 10% of the 'whole' amount which is $1000. It is essential for students to grasp the concept of percentages and fractions to understand how these calculations work within business contexts. Often, a basic percentage equation is used: Commission = Sale amount x Commission rate. This mathematical application is crucial in real-world scenarios, such as calculating earnings or understanding business revenue models.