Posted on March 11, 2010.
An art gallery displays paintings for artists and receives a commission when an artist's painting is Sol? An art gallery displays paintings for artists and receives a commission from the artist when a painting is sold. What is the rate of commission if a gallery received $ 114.70 when the painting was sold for $ 620?
Commission = price * rate
R * 620 = 114.70
R = 0.185
0.185 = 18.5%, the rate of commission