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Answer: Either of the following methods: 1. ((New pay rate / old pay rate) - 1) * 100 2. ((New pay rate - old pay rate) / old pay rate ) * 100 Proof: If old pay rate = 15 $/hr and new pay rate = 18 $/hr, then: 1. ((18 / 15) - 1) * 100 = 20% 2. ((18 - 15) / 15) * 100 = 20% Check: old pay rate * (decimal version of 20%=0.20) + old pay rate = new pay rate 15 * 0.20 + 15 = 18
2392.50 commission: 3.5% of 5500 = 3.5/100 × 5500 = 192.50 → gross pay = monthly_salary + commission = 2200.00 + 192.50 = 2392.50
To calculate the percentage of a raise: Determine the difference between your new pay rate and your old: New (higher) pay rate - Old (lower) pay rate = Difference Then divide the difference by your old rate and multiply by 100 to get the percentage. (Difference/Old pay rate) * 100 = Percentage of raise
They pay between $7.00 to $8.00 an hours.
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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.
When employers pay and hourly rate, say minimum wage, but also give you a percentage of your, or your company's, total sales (commission) in addition.
Commission rate
Commission: $374.00
Calculate Gross Pay for hourly employees by multiplying the pay rate times the number of hours worked in the pay period, and including payment of overtime at 1.5 times the pay rate.
Commision (C) = Total Sales (TS) X Rate Of Commission (RC)
Commision (C) = Total Sales (TS) X Rate Of Commission (RC)
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
5% Divide his commission by the total sales, and multiply the result by 100 For example, if the total sales amounted to 2000.00 and he received 150.00, his rate of commission would be 7.5%.
The commission rate for any product or service is based on the annual services revenue and total sales compensation less salary. If annual services revenue is $12M and the total sales compensation is $240,000 including a $120,000 salary, then the services commission rate is ($240K - $120K)/$12M = 1%. Depending on the type of services and total comp, commission rates may range from 0.25% to 4.0% for services. JMC
Commission only jobs, pay you based on a percentage of your total sales, either weekly or bimonthly
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%