BACHELOR OF BUSINESS ADMINISTRATION

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: -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-3: -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.

Detailed explanation-4: -A commission rate is the reward or payment associated with either a percentage of sale or payment. In partnerships, partners can earn commission on either qualified leads or on closed sales. The commission rate is the percentage of the value of that lead or sale that is paid to the partner.