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 commission rate is 10% and sales are $1000, the commission is $1000 x 0.10 = $100.

Front

What is a commission rate?

Back

The commission rate is the percentage of sales that an employee earns as commission. It is usually expressed as a percentage.

Front

If a salesperson sells $500 worth of products at a 5% commission rate, how much do they earn in commission?

Back

$25

Front

What is the total pay if a person earns a base salary plus commission?

Back

Total pay = Base salary + Commission earned.

Front

If a person earns a base salary of $400 and a commission of $100, what is their total pay?

Back

$500

Front

How do you find the total earnings from sales?

Back

Total earnings from sales can be found by adding the base salary to the commission earned from those sales.

Front

What is the formula to calculate total pay when given sales and commission rate?

Back

Total Pay = Base Salary + (Sales Amount x Commission Rate)