Commissions Review

A PERCENT of the total value of sales

• Graduated commission

• Salary + commission

• Straight commission

• Commission rate

Commission is______

• amount of money you are paid for selling a product or service.

• monthly salary

• a group of people officially charged with a particular function.

• is a store

A payment based strictly on the amount of sales an employee makes

• Graduated commission

• Salary + Commission

• Straight commission

• Commission Rate

This is when an employee gets paid a salary and a percentage of sales

• Graduated commission

• Salary + commission

• Straight commission

• Commission rate

The percentage of commission rises as employees hit certain targets

• Graduated commission

• Salary + commission

• Straight commission

• Commission rate

Name a job that involves commission

• Car salesman

• Real-estate agent

• Travel consultant

• All of the above

Name a disadvantage to working on commission

• More money

• More sales

• More pressure/anxiety

• More chance for a raise or bonus

What is the formula for Commission?

• Sum of Commission for All Levels of Sales

• Rate per Item x Number of Items

• Straight Time Pay x Overtime Rate

• Total Sales x Commission Rate

What is 5.35% written as a decimal?

• .0535

• .535

• 5.35

• .0535%

Compute the sales commission:
Amount $4,500.00
Rate 5%

• $225.00
• $250.00
• $125.00
• $230.00