12/10 Commission Test Practice

Front

What is a commission?

Back

A commission is a fee paid to an employee or agent for services rendered, typically calculated as a percentage of the sales made.

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 amount is $1000 and the commission rate is 5%, the commission is $1000 x 0.05 = $50.

Front

If Robert earns 3% commission on a $512,800 home, what is his commission?

Back

$15,384

Front

Beth sells $23,200 in cars and earns 4% commission. How much does she earn?

Back

$928

Front

What is the formula for calculating percentage?

Back

Percentage = (Part / Whole) x 100.

Front

Wilson earns 11% commission on $4265 in sales. What is his commission?

Back

$469.15

Front

Felipe earns 5% commission on $9,650 in sales. What is his commission?

Back

$482.50

Front

Derek sells $9,732 worth of appliances and earns 6.5% commission. What is his commission?

Back

$632.58

Front

What does it mean to earn a percentage of sales?

Back

Earning a percentage of sales means that the income received is based on a fraction of the total sales amount, incentivizing the seller to increase sales.

Front

If a salesperson sells $10,000 worth of products at a 10% commission rate, how much do they earn?

Back

$1,000