Commission Definition Math

C s x rc where c commission s amount of sales rc rate of commission. The real estate agent was hired by the stettnisch family to sell their house for a 5 sales commission. The formula for calculating commission is.

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So let s say for example that someone in an art gallery sells a painting that is 200 and their commission is 15 percent.

Commission definition math. So commission is a fee that is paid for a service and it s usually a percentage. Total commission total. The stettnisch family will have 285 000 00 after they pay their real estate agent. A lot of times people who are in jobs that are sale jobs receive commissions and it s going to be a portion of the sale they make.

The commission is a motivation or reward for the employee to sell products so the company has more sales and can make more money. A fee paid for services usually a percentage of the total cost. The commission is a fee paid based on the percentage of sale made by an employee and it is differentiated from usual payment of salary. A commission is generally a percentage of sales.

300 000 0 05 15 000 and 300 000 15 000 285 000. Hi my name is marija and today i m going to tell you what the term commission means in math. City gallery sold amanda s painting for 500 so amanda paid them a 10 commission of 50.