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A store priced a briefcase at $99.50 and later marked it down 50 percent. Today, a salesperson named James sold the briefcase, earning a 12% commission on the s

A store priced a briefcase at $99.50 and later marked it down 50 percent. Today, a salesperson named James sold the briefcase, earning a 12% commission on the sale price. How much commission did James make?
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1 Answer

$99.50*(1 - 0.5) = (0.5)*(99.50) = $49.75 (price at which the briefcase actually sold).
 
12% of $49.75 = (12/100)*($49.75) = $5.97