Last week Don Felt made a commission of $325.80 on $2715 sales. Find his rate of commission.
S325.80/2715=12%
2.5%
The commission rate for a futures brokers vary according to how much work is in it for them. You can find discount brokers for as little as 59 cents per trade.
Rob Polanski is a tractor salesman. Last week his total sales amounted to $38,642.00, and he received $2,704.94 in commission. What is his rate of commission?A. 6% B. 5.9%C. 7%D. 8.4%
The brokers commission means that if he finds a house for you costing say, 50,00000 rupees value. Then he will charge a 2percent of the whole amount as his commission.
Formula of mark down
You multiply the commission rate (the percentage, divided by 100), by the amount for which you are supposed to get commission.
Commision (C) = Total Sales (TS) X Rate Of Commission (RC)
Commision (C) = Total Sales (TS) X Rate Of Commission (RC)
There were would be various approaches to this depending on specifically what you wanted to do, like what and how many rates there are. The following is a simple example based on a single commission rate and a value that has to be reached before commission is earned. If you take it that the value being checked for commission is in A3, the rate of commission is in B4, and the minimum value at which commissioned can be earned is in B5, then you could use the following formula: =IF(A3>=$B$5,A3*$B$4,0)
The commission rate is the commission earned by the agent or broker who places the policy wit the company.
Kothari commission
Commission: $374.00
Commission rate
How you find the commission rate varies depending on the job. Some jobs pay a commission of 10% of total sales while some have commission that is on a sliding scale. In real estate, the realtor makes a commission from each sale. You can ask what the rate is prior to hiring the real estate agent.
15000 x 45 % = 6,750
percentage of money you get from a sale.
66