{"id":180785,"date":"2025-01-09T02:39:55","date_gmt":"2025-01-09T02:39:55","guid":{"rendered":"https:\/\/learnexams.com\/blog\/?p=180785"},"modified":"2025-01-09T02:39:57","modified_gmt":"2025-01-09T02:39:57","slug":"question-4-of-20-select-the-best-answer-for-the-question","status":"publish","type":"post","link":"https:\/\/www.learnexams.com\/blog\/2025\/01\/09\/question-4-of-20-select-the-best-answer-for-the-question\/","title":{"rendered":"Question 4 of 20 : Select the best answer for the question"},"content":{"rendered":"\n

Question 4 of 20 : Select the best answer for the question. 4. Rob Polanski is a tractor salesman. Last week his total sales amounted to $38,642.00, and he received $2,704.94 in commission. What is his rate of commission? A. 6% B. 8.4% C. 7%<\/p>\n\n\n\n

The correct answer and explanation is:<\/mark><\/strong><\/p>\n\n\n\n

Correct Answer: C. 7%<\/strong><\/h3>\n\n\n\n

Explanation:<\/h3>\n\n\n\n

To determine Rob Polanski’s rate of commission, we use the formula for commission rate: Commission Rate=(Commission EarnedTotal Sales)\u00d7100\\text{Commission Rate} = \\left( \\frac{\\text{Commission Earned}}{\\text{Total Sales}} \\right) \\times 100<\/p>\n\n\n\n

In this case:<\/p>\n\n\n\n

    \n
  • Commission Earned<\/strong> = $2,704.94<\/li>\n\n\n\n
  • Total Sales<\/strong> = $38,642.00<\/li>\n<\/ul>\n\n\n\n

    Substituting the values into the formula: Commission Rate=(2,704.9438,642.00)\u00d7100\\text{Commission Rate} = \\left( \\frac{2,704.94}{38,642.00} \\right) \\times 100<\/p>\n\n\n\n

    Step-by-step calculation:<\/p>\n\n\n\n

      \n
    1. Divide $2,704.94 by $38,642.00: 2,704.9438,642.00=0.07\\frac{2,704.94}{38,642.00} = 0.07<\/li>\n\n\n\n
    2. Multiply 0.07 by 100 to convert to a percentage: 0.07\u00d7100=7%0.07 \\times 100 = 7\\%<\/li>\n<\/ol>\n\n\n\n

      Thus, Rob Polanski’s commission rate is 7%<\/strong>.<\/p>\n\n\n\n

      Why 7% is the correct choice:<\/h3>\n\n\n\n
        \n
      • The calculated commission rate of 7% matches exactly with option C<\/strong>.<\/li>\n\n\n\n
      • Option A (6%)<\/strong> is too low and does not reflect the given data.<\/li>\n\n\n\n
      • Option B (8.4%)<\/strong> is higher than the calculated rate and is therefore incorrect.<\/li>\n<\/ul>\n\n\n\n

        Practical Insight:<\/h3>\n\n\n\n

        The commission rate is a percentage of the total sales that the salesperson earns as compensation. In this scenario, the 7% commission rate indicates that for every $100 of sales Rob makes, he earns $7 in commission. This calculation is crucial for tracking earnings and setting sales targets. It also highlights the importance of accurate sales and commission records for financial planning.<\/p>\n","protected":false},"excerpt":{"rendered":"

        Question 4 of 20 : Select the best answer for the question. 4. Rob Polanski is a tractor salesman. Last week his total sales amounted to $38,642.00, and he received $2,704.94 in commission. What is his rate of commission? A. 6% B. 8.4% C. 7% The correct answer and explanation is: Correct Answer: C. 7% […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[25],"tags":[],"class_list":["post-180785","post","type-post","status-publish","format-standard","hentry","category-exams-certification"],"_links":{"self":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/180785","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/comments?post=180785"}],"version-history":[{"count":0,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/180785\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/media?parent=180785"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/categories?post=180785"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/tags?post=180785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}