Answer:
$35
Step-by-step explanation:
To solve this problem you need to know how what and how is percentage work.
Percentage(%) is a unit that equals to 1/100 or one hundredths. So, 7% will be equal to 7*1/100= 7/100. The commission is given based on the price of the boat. If the boat sold at $500 the commission will be:
commission= percentage * boat price
commission= 7/100 * $500
commission= $35
