BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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$25.00
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$32.00
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$22.50
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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: -Salespeople receive a pre-defined percentage of all the sales they make. For example, if you sell $50, 000 in revenue while working with a company that pays out 5% of revenue, your commission will be $2, 500.
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: -Sales commission rates range from 5% to as much as 50%, but most companies pay between 20-30%. To find the right fit that aligns with your sales goals, start by estimating how much it would cost to hire people under different sales commission structures-both for full-time staff and independent contractors.