Anonymous Anonymous

12-09-2014
Mathematics

Answered

A sports agent made one million dollars by charging a 12.5% commission to negotiate a long-term contract for a professional athlete. Find the amount of the contract.

Verified Answer :

12-09-2014

$1,000,000 = 12.5% of the contract

"12.5%" means 0.125

"of" means "times"

1,000,000 = 0.125 C

Divide each side by 0.125 :

C = 1,000,000 / 0.125 = $8 million

Answer Link

Related Questions

Which of the following arguments was used to support a claim in favor of direct rule A Colonies have governed themselves for years and need limited political in

Which of the following is correct for the effect of linkage on recombination It increases the percentage of recombinants It results in 50 recombinants It reduce

sexual reproduction in animals depends on the production of gametes which of these processes producesses gametes in animals

Which region includes the most states

Simplify the ratio 2456

Discuss the concept of electric charge and its fundamental properties How do positive and negative charges interact and what are the implications of charge cons

The Suns surface temperature is closest to A 3500 K B 6000 K C 11000 K D 30000 K

What are three kinds of insurance besides life and auto

In the western states a dry creek is called an arroyo or

What form does carbon take inside a tree

Web Analytics