Question

PLEASE HELP

The commission rate on the sale of a new car is 0.4%. If the commission on one car is
$250, what did the car sell for?

Answer 1

The car was sold for $62,500.

Explanation:

This question can be solved by a rule of three.

The commission rate on the sale of a new car is 0.4%

The commission on one car is $250, which means that 250 is 0.4% = 0.004 of the car price. How much is 100% = 1?

0.004 - $250

1 - x

`0.004x = 250`

`x = (250)/(0.004)`

`x = 62500`

The car was sold for $62,500.