if I recieve a check for $10,232.47 and they have already deducted 10% commision, what is the commission amount?

Question

I receive a check for $10.232.47, which 10% commission has already been deducted, what is the commission amount?

Answer 1

Let X be the amount of the check before the commission was deducted.

 

10% of X is the commission amount.  So, X - 0.1X = your check amount.

 

X - 0.1X = 10,232.47

 

0.9X + 10,232.47  (Now divide both sides of the equation by 0.9)

 

X = 10,232.47/0.9  (Doing this division results in 11,369.411111....)  Since we're working with money, we only need two decimal places to the right of the decimal point.

 

X = 11,369.41   The commission amount is 10% of this.  Multiply this number by 0.1 for the answer.