Commission

Front

What is commission?

Back

Commission is a fee paid to an employee or agent for transacting a piece of business or performing a service, typically calculated as a percentage of the sales made.

Front

How do you calculate total pay when commission is involved?

Back

Total pay = Salary + Commission.

Front

If Robert earns a weekly salary of $350 and a 7% commission on $3200 in sales, what is his total pay?

Back

Total pay = $350 + (0.07 * $3200) = $574.

Front

What is the formula to find the total dollar value of sales based on commission earned?

Back

Total sales value = Commission earned / Commission rate.

Front

If Pierre earns $10,800 in commission at a rate of 25%, what is the total dollar value of the art he sold?

Back

Total sales value = $10,800 / 0.25 = $43,200.

Front

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

Back

Commission rate = (Commission earned / Total sales) * 100.

Front

If Ron earned $84 in commission from $2400 in sales, what is his commission rate?

Back

Commission rate = ($84 / $2400) * 100 = 3.5%.

Front

What is Felipe's commission if he earns 5% on $9,650 in sales?

Back

Commission = 0.05 * $9,650 = $482.50.

Front

What does a commission rate of 5% mean?

Back

It means that for every dollar of sales, the salesperson earns 5 cents.

Front

If a salesperson earns $500 in commission at a rate of 10%, what were their total sales?

Back

Total sales = $500 / 0.10 = $5000.