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How do you calculate commission?

Updated: 4/28/2022
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12y ago

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That is a very open ended and very deep question. The reason I say that is because most people take a percentage of the sale and call that commission. Sales of $10,000 commission times 10% = $1000.00 commission. Nothing could be further from the truth. That is commission of gross sales..How about commission from net sales...How about a performance based commission. There are so many ways to devise a comp plan. Just make sure you know what you are actually paying in commission.

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12y ago
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How to calculate commission?

multiply the money by the percent and divide the sum by the amount of people working on the deal


How do the stock analysts calculate the percent value for Institutional Ownership in a public company?

It is calculated based on public filings with the Securities and Exchange Commission: 13G, 13D, 13F.


How would you use commission in a sentences?

The salesman was paid 5% commission on everything he sold.The council wanted to commission an artist to do the painting for the new hall.The salesman was paid 5% commission on everything he sold.The council wanted to commission an artist to do the painting for the new hall.The salesman was paid 5% commission on everything he sold.The council wanted to commission an artist to do the painting for the new hall.The salesman was paid 5% commission on everything he sold.The council wanted to commission an artist to do the painting for the new hall.The salesman was paid 5% commission on everything he sold.The council wanted to commission an artist to do the painting for the new hall.The salesman was paid 5% commission on everything he sold.The council wanted to commission an artist to do the painting for the new hall.The salesman was paid 5% commission on everything he sold.The council wanted to commission an artist to do the painting for the new hall.The salesman was paid 5% commission on everything he sold.The council wanted to commission an artist to do the painting for the new hall.The salesman was paid 5% commission on everything he sold.The council wanted to commission an artist to do the painting for the new hall.The salesman was paid 5% commission on everything he sold.The council wanted to commission an artist to do the painting for the new hall.The salesman was paid 5% commission on everything he sold.The council wanted to commission an artist to do the painting for the new hall.


What is the formula for calculating a real estate broker's commission?

In a simple scenario where the broker charges the commission as a percentage of the purchase price, then you would simply multiply the purchase price by the commission rate. For example, if your home sold for $100,000, and your broker charges a 7% commission, then you would calculate as follows:100,000 x .07 = 7,000These days there a lots of other possibilities, such as flat-fee brokers who charge a set rate regardless of purchase price.As a broker for 15+ years I have personally been involved in various transaction fee structured deals, but the majority are the first type I explained.


Is commission manufacturing overhead cost?

No -- commission is Sales overhead cost.

Related questions

Rachel made a 10 percent commission of 9.550 on one months book sales Calculate the amount of her monthly commission?

Rachel's monthly commission would be $95.50. This is calculated by multiplying 9.550 by 10%.


What is the rate of commission if total sales are 7785.00 and you receive 295.83?

The rate of commission is 38.00%. you can calculate it by following formulae: (amount of commission * 100)/ Total sales. Njoy, regards, nilesh e-mail: nilesh_nilesh40@yahoo.com


How to calculate commission?

multiply the money by the percent and divide the sum by the amount of people working on the deal


How do you calculate 10 percent commission of 8500?

10% of 8500 = 8500*10/100 = 850


How do you calculate 5 percent commission on 3milion?

Commission(C) = % Fee * Sale Price Fee= 5%, Sale Price = 3,000,000 5% = .05 C = .05 * 3,000,000 C = $150,000


When working out commission do you times or divide?

You would multiply (or 'times') to calculate the commission. For example, if a sales clerk makes 10% commission on all sales, and makes a sale of $250, you would multiply $250 by .10 (.10 represents the 10 percent), which would be $25.


How do you calculate 15 percent commission after 30 percent profit?

Hello, If by commission you mean, subtraction of 15% then: x - original money you have tbc - total before commission Total - the money left tbc = 30(x/100) Total = 15(tbc/100) Hope I have helped you, Y.a.r.o.


Calculate the gross pay for an annual salary of 29763 plus a commission of 6 percent on sales of 2500?

29,913 6% of 2500 is 150


What is is the difference between Commission Payable and Commission Receivable?

Commission Payable is Commission that you pay, Commission Receivable is Commission someone is paying you.


How do you calculate 30 percent commission of 1162600?

Percent means hundredths. Just multiply 30/100 x 1162600, or the equivalent 0.30 x 1162600.


What are the 3 constitutional commission?

civil service commission, commission on election, commission on audit


How do the stock analysts calculate the percent value for Institutional Ownership in a public company?

It is calculated based on public filings with the Securities and Exchange Commission: 13G, 13D, 13F.