BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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$3 963.04
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$4 250.00
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$21 940.71
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$2 194.07
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Detailed explanation-1: -To calculate the payable commission, multiply the sales revenue by the sales commission rate. A 10 percent commission rate on a $10, 000 product deal would pay $1, 000 in commission.
Detailed explanation-2: -A commission is a percentage of total sales as determined by the rate of commission. To find the commission on a sale, multiply the rate of commission by the total sales. Just as we did for computing sales tax, remember to first convert the rate of commission from a percent to a decimal.
Detailed explanation-3: -A commission, in its simplest form, is some percentage of revenue. For example, a salesperson may earn 3% of whatever they sell. If a product is sold for $100, the salesperson would earn $3 from that sale.
Detailed explanation-4: -In the simplest definition, the commission is money paid out to a selling agent. For example, if you were selling cars and your selling agent was paid 5%, you would get 95% of the sales price. If you make a sale, you get some portion of the money from the purchaser.