Answer: Option (C) is correct.
Explanation:
Correct option: 7%
Given that,
Total sales amounted = $38,642.00 ( last week total sales)
Commission Received = $2,704.94
Rate of commission = [tex]\frac{Commission\ Received}{Total\ sales\ amount}[/tex]
= [tex]\frac{2704.94}{38642}\times100[/tex]
= 0.07 × 100
= 7%
Therefore, the rate of commission is 7%.
