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.

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

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