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it depends what you negotiated with your employer in your contract. typically, gross sales is your total sale, and net sales would be your employer's "cut" of the sale. Ex. if you get 10% of a $10,000 sale (gross), you would take home $1000. if you get 10% of your employer's cut (net) on the same sale, you would take home $250. obviously, it is much better to be paid on gross sales than net sales - always negotiate in YOUR best interest. i work in the medical sales industry, and we are all paid on gross sales - but we negotiated for this. hope it helps!
What else can I help you with?
What is the method to work out net sales from gross sales?
The easiest method that one could possibly use to determine net sales from gross sales would be to subtract the amount made total (gross) from the amount one paid for the item to sell. The left over figure would be what was made after expenses, or one's net sales. This would be basically the same as figuring out what one's net income is from their gross income on their paycheck each payday.
What do you use to figure sales tax your gross sales or net sales?
Net Sales..
What does gross and net mean?
Gross means 'before', net means 'after'. Gross profit = sales - cost of sales Net profit = sales - cost of sales - overheads (e.g. telephone, electricity) So gross profit is before deductions, whereas net profit is after all the deductions.
How do you add a 15 percent commission on net sales?
To add a 15 percent commission on net sales, first calculate the total net sales amount. Then, multiply that amount by 0.15 (which represents 15 percent). Finally, add the calculated commission to the net sales to find the total amount including the commission. For example, if net sales are $1,000, the commission would be $150, making the total $1,150.
How do you calculate net sales when gross margin is known?
Gross margin (also known as gross profit) is the difference between Net sales and Cost of goods sold: Net sales - Cost of goods sold = Gross margin Therefore, if you know Gross margin, add it to Cost of goods sold to get Net sales.
Is commission paid on net sales or net profit?
It's not typical in any industry that pays commission. To be clear, there is a different between gross profit and gross sales. Either way, paying commission on either is not the standard.Gross profit and gross sales implies a number beforing taking out sales taxes that a company must pay.Typically, commission is paid on net profit or net sales because the "sales person" because the company has to pay the taxes and the sales person had no bearing on these taxes.Look at it this way. When tipping (which is really like paying commission) a waiter/waitress, you should tip on the amount before taxes are added not after. Taxes are a product of the state laws, etc, not the business charging the taxes. The waiter has noting to do with something the state charges.
What is the method to work out net sales from gross sales?
The easiest method that one could possibly use to determine net sales from gross sales would be to subtract the amount made total (gross) from the amount one paid for the item to sell. The left over figure would be what was made after expenses, or one's net sales. This would be basically the same as figuring out what one's net income is from their gross income on their paycheck each payday.
What called The difference between net sales and cost of goods sold divided by net sales?
1. Net sales - cost of goods sold = Gross profit Gross profit / Net sales = Gross profit ratio
What do you use to figure sales tax your gross sales or net sales?
Net Sales..
What does gross and net mean?
Gross means 'before', net means 'after'. Gross profit = sales - cost of sales Net profit = sales - cost of sales - overheads (e.g. telephone, electricity) So gross profit is before deductions, whereas net profit is after all the deductions.
How do you add a 15 percent commission on net sales?
To add a 15 percent commission on net sales, first calculate the total net sales amount. Then, multiply that amount by 0.15 (which represents 15 percent). Finally, add the calculated commission to the net sales to find the total amount including the commission. For example, if net sales are $1,000, the commission would be $150, making the total $1,150.
How do you calculate net sales when gross margin is known?
Gross margin (also known as gross profit) is the difference between Net sales and Cost of goods sold: Net sales - Cost of goods sold = Gross margin Therefore, if you know Gross margin, add it to Cost of goods sold to get Net sales.
Is vat tax included in the gross sales?
Yes. Gross sales = Net Sales + VAT
Gross sales price vs net sales price?
Gross sales is the total value of sales before any deductions. Net sales is what is left of the gross sales after deductions and expenses, including discounts, returns and allowances.
What is the formula of net sales?
Net sales = Gross sales - (Customer Discounts, Returns, Allowances)
What is the difference between gross margin and net profit?
Gross Margin = (Gross Profit/Sales)*100 Gross Profit = Revenue - Cost of Sales Net Profit = Revenue - Expenses Or in words, the Gross Margin is an expression of the Gross Profit as a percentage of Sales, where the Gross Profit is Sales minus the Cost of Sales. The Net Profit, on the other hand, is Revenue minus ALL Expenses (including cost of sales).
United services and supplies reports net income of 60000 and cost of goods sold of 360000. If US and ampS's gross profit rate was 40 net sales were?
To find the net sales, we can use the gross profit rate formula. The gross profit is calculated as gross profit rate multiplied by net sales. Given the gross profit rate of 40%, we can set up the equation: Gross Profit = Net Sales × Gross Profit Rate Net Income = Gross Profit - Cost of Goods Sold First, we need to determine gross profit, which can be found by adding net income to cost of goods sold: Gross Profit = Net Income + Cost of Goods Sold = 60,000 + 360,000 = 420,000. Now using the gross profit formula: 420,000 = Net Sales × 0.40 Net Sales = 420,000 / 0.40 = 1,050,000. Thus, US and S's net sales were $1,050,000.
