Commission

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.

Tags

CCSS.6.RP.A.3C

Front

How do you calculate commission?

Back

To calculate commission, multiply the total sales amount by the commission rate (as a decimal).

Tags

CCSS.6.RP.A.3B

Front

If a salesperson earns a 10% commission on $1,000 in sales, how much do they earn?

Back

$100

Tags

CCSS.6.RP.A.3C

Front

What is a base salary?

Back

A base salary is a fixed amount of money paid to an employee, not including bonuses or commissions.

Front

How do you calculate total pay when a base salary and commission are involved?

Back

Total pay = Base salary + Commission.

Tags

CCSS.7.EE.B.3

Front

If a salesperson has a base salary of $2,000 and earns a 5% commission on $10,000 in sales, what is their total pay?

Back

Total pay = $2,000 + ($10,000 * 0.05) = $2,500.

Tags

CCSS.6.RP.A.3C

Front

What is the difference between regular price and sale price?

Back

Regular price is the original price of an item, while sale price is the reduced price during a promotion.

Tags

CCSS.6.RP.A.3C

Front

If a salesperson earns 6% commission on regular price items and 4% on sale price items, how do you calculate their total commission?

Back

Calculate commission separately for regular and sale price items, then add them together.

Tags

CCSS.6.RP.A.3C

Front

What is the formula for calculating gross pay?

Back

Gross pay = Base salary + Commission.

Tags

CCSS.7.EE.B.3

Front

If a salesperson needs to earn $3,000 in gross pay with a base salary of $1,500 and a commission rate of 10%, how much in sales do they need?

Back

Sales needed = (Gross pay - Base salary) / Commission rate = ($3,000 - $1,500) / 0.10 = $15,000.

Tags

CCSS.7.EE.B.4A