An agent receives a commission of 40 cents for every $50 of business she procures. What percent is the agent's commission?
A. 0.80%
B. 1.00%
C. 1.25%
D. 1.50%
E. 2.50%
Percent Commission = (0.40/50) x 100 = 40/50 = 0.8.
Alternatively, 1% of $50 is 50 cents. Since the commission is 40 cents, it is less than 1%. So, the only option is 0.8%.