SOLUTION: A commission merchant specializing in food products sold a consignment of products for a farm. The sales price was $18,450 with a commission rate of 12% for farm products. For this

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: A commission merchant specializing in food products sold a consignment of products for a farm. The sales price was $18,450 with a commission rate of 12% for farm products. For this      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


    

Question 1038379: A commission merchant specializing in food products sold a consignment of products for a farm. The sales price was $18,450 with a commission rate of 12% for farm products. For this consignment, there was $890 freight that the merchant had to pay. What were the net proceeds due to the farm?
Answer by jorel555(1290) About Me  (Show Source):
You can put this solution on YOUR website!
18450-12%=88%*18450=16236
16236-890=$15346 due to the farm!!!!!!!!!