BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -What is the typical sales commission percentage? The industry average for sales commission typically falls between 20% and 30% of gross margins. At the low end, sales professionals may earn 5% of a sale, while straight commission structures allow a 100% commission.

Detailed explanation-2: -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.

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: -You should pay employees sales commissions in their normal paycheck after the sale is made. Another model pays the employees monthly. It is unfair to ask employees to wait for their commissions until the customer pays you. The employee has no control over when a customer will pay the bill.

Detailed explanation-5: -A commission is paid to the salesperson for his/her services by the seller with respect to the M.P. For example, if Radhika is a salesperson and works in a garment shop and takes 2% commission. It means from shop owner Radhika take 2Rs for selling of 100Rs (M.P.).