His 1.5% commission would be $112.50.
The size of a commission for car salesmen is calculated by the profit of the vehicle. The salesman gets a percentage of the profit of the vehicle.
If commission is paid on selling the product then it is selling expense .
There are lots of dealership in selling and buying the car as new. The dealer is usually paid on a given commission depending with the agreement reached.
It depends on how good they are, what their commission rate is, and the value of the vehicles they're selling.
Most car salesman get commission. So few make a decent amount of money unless they are selling vehicles regularly.
The commission is 6.6%
A realtor is a commission job, for buying or selling real estate.
commission deregulation is the fees that sells person get after selling financial product to client but they dont have control over that commission
The average outside sales commission varies depending on the job you have and what you are selling. An average commission is around 10 percent.
sales commission
There are many different pay "schemes" for automotive salespeople. Some are salaried (very few and usually only the TOP sellers), some are on salary PLUS commission - others are on STRAIGHT commission (i.e. - no sales=no pay). "Commission" salespeople usually get a percentage of the sales price of the vehicle - often they can gain a percentage commission if they place a loan with a certain lender - they can gain commission by selling an extended service warranty - they can gain commission by selling additional features and options. Dealerships (new and used) are either independent or part of national, regional,. or local chains. All have varying pay plans.