BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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$13, 540
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$600
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$4, 140
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$45, 400
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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: -Straight Commission is calculated to be the person’s wage based solely on sales.
Detailed explanation-3: -To calculate your commission for a specific period, multiply the appropriate commission rate by the base for that period. For example, if you made $30, 000 worth of sales from January 1 to January 15 and your commission rate is 5%, multiply 30, 000 by . 05 to find your commission payment amount of $1, 500.
Detailed explanation-4: -Graduated Commission. The graduated commission approach involves setting up “tiers” where past a predetermined threshold of sales, an individual’s commission rate goes up. For example, individuals may earn 10 percent on their first $10, 000 in sales, 20 percent in their next $20, 000, and so forth.