To find the commission rate, we need to divide the commission by the sale amount. This will give us the rate as a decimal, which can be converted to a percentage by multiplying by 100.
Step 1: Identify the Given Values
We are given the sale amount and the commission. Specifically, the sale amount is $14,400 and the commission is $432.
Step 2: Calculate the Commission Rate
To find the commission rate, we use the formula:
Commission Rate=(SaleCommission)×100
Substituting the given values:
Commission Rate=(14400432)×100=3.0