Commission

Front

What is commission?

Back

Commission is a fee paid to an employee or agent for services rendered, typically calculated as a percentage of the sales they generate.

Front

How do you calculate commission?

Back

To calculate commission, multiply the total sales amount by the commission rate (as a decimal). For example, if the sales are $1000 and the commission rate is 5%, the commission is $1000 x 0.05 = $50.

Front

If Derek sells $9,732 worth of appliances at a 6.5% commission, what is his commission?

Back

$632.58

Front

Wilson sells home security systems for a total of $4265 with an 11% commission. What is his commission?

Back

$469.15

Front

What is the total pay for Robert who earns a $350 salary plus a 7% commission on $3200 in sales?

Back

$574

Front

How do you find the commission rate if you know the commission earned and total sales?

Back

Divide the commission earned by the total sales and multiply by 100 to get the percentage. For example, if $84 was earned on $2400 in sales, the rate is ($84 / $2400) x 100 = 3.5%.

Front

If Danielle sells $895 worth of beauty supplies and earns a 9% commission, how much does she earn in total including her base salary of $450?

Back

$530.55

Front

What is the formula to calculate total pay when a base salary and commission are involved?

Back

Total Pay = Base Salary + Commission.

Front

What does a commission rate of 3.5% mean?

Back

It means that for every dollar of sales, the salesperson earns 3.5 cents.

Front

If a salesperson earns $200 in commission from $4000 in sales, what is their commission rate?

Back

5% (calculated as ($200 / $4000) x 100).