Answer:
The net proceeds due to the farm are $15346.
Step-by-step explanation:
Given:
The sales price was $18,450 with commission rate of 12% for farm products. For this consignment, there was $890 freight that the merchant had to pay.
Now, to find the net proceeds due to the farm.
So, we deduct the commission rate of 12% for farm products:
$18,450 - 12% of $18,450.
[tex]=18450-\frac{12}{100} \times 18450[/tex]
[tex]=18450-\frac{221400}{100}[/tex]
[tex]=18450-2214=\$16236[/tex]
And, then we deduct the freight $890 that the merchant had to pay:
[tex]16236-890[/tex]
[tex]=\$15346.[/tex]
Therefore, the net proceeds due to the farm are $15346.
