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Phil Smith is a car salesman last week his total sales amounted to 276500.00 and he received 1382.50 in commission what is his rate of commission?
Wiki User
∙ 14y ago
The answer is .5% or .005. I got the answer by dividing 1382.50/276500.00.
Wiki User
∙ 14y ago
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Phil smith is a car salesman last week his total sales amounted to 27650.00and he received 1382.50 in comissionwhat is his rate of comission?
*Just Divide the two numbers "1,384.50 / 27,650.00" *Then you get .05 *Then move the decimal point over two times to the left and you get 5%
Why are sales commissions a variable cost?
Sales commission is a variable cost because the amount of the account is subject to variation. Think about it: A used car salesman is paid a commission say of $500 for every car he sells for the month of October. If he sells only 2 cars, then the sales commission is $1000, If he sells a whopping 12 cars, then the sales commission is $6000!! Notice the variation in commission?? This is why it is a variable cost - because it is not a fixed cost, which you know regardless of what happens during the period.!
What is the tax difference between bonus and commission?
A commission is earned by selling something. It could be a straight dollar amount per unit sold, or a percentage of the gross sale or the net sale. A bonus is a monetary reward over and above the regular salary or commission paid. For example, if a salesman had a quota of X units sold or X dollars in volume, met those quotas and more, the salesman may qualify for a bonus - an extra amount of money. As far as tax difference, it all depends on the dollar amount. It will all come out when you do you yearly income taxes - you are taxed on your adjusted gross income. I missed the word tax the first time I answered.
What is Store Associate?
a salesman
How much tax need to be withheld from income being a car salesman?
IF you are a employee with an employer you should get the correct amounts from your employer payroll department. They would be the one that know all of the necessary withholding amounts that they will be required to withhold from your gross earnings as a car salesman. IF you are receiving 1099-MISC income you are being treated as a independent contractor self employed and you will be responsible for all of your self employment taxes plus your income tax on your net profit from your business operation as a car salesman.
Rob Polanski is a tractor salesman Last week his total sales amounted to 38642.00 and he received 2704.94 in commission What is his rate of commission?
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%
Rob Polanski is a tractor salesman Last week his total sales amounted to 3864200 and he received 270494 in commission What is his rate of commission?
7%
11 Phil Smith is a car salesman Last week his total sales amounted to 27650.00 and he received 1382.50 in commission What is his rate of commission?
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%.
Phil Smith is a car salesman Last week his total sales amounted to 27650.00 and he received 1382.50 in commission What is his rate of commission?
On the face of it, it looks like 5%, but the actual commission may not be calculated on a percentage basis, but may be made of differing lump sums, depending on the models of car being sold.
A salesman earns 300.00 per weak plus a 5 commission on all sales over 8000.00 One week his sales amounted to 15000.00 What were his earnings that week?
A salesman earns $300.00 per week plus a 5 percent commission on all sales over $8000.00. One week his sales amounted to $15000.00. What were his earnings that week?
A salesman earns 300 per week plus a 5 percent commission on all sales over 8000 one week his sales amounted to 15000 what were his earnings that week?
$650
When a salesman sold a vacuum cleaner for 110 he received a commission of 8.80 what was the percent of his commission?
8% calculation: 8.8 / 110 * 100 = 8%
A salesman earns 300 per week plus a 5 percent commission on all over all sales over 8000.00 One week his sakes amounted to 15000.00 what were his earnings that week?
$650.00
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.
A salesman earns 300.00 per week plus a 5 percent commission on all sale over 8000one week his sales amounted to 15000what were his earning that week?
15,000 - 8,000 = 7,000 over threshold. 5% of 7,000.00 = 350.00 + 300.00 = Salesman made a pathetic 650.00.00 that week.
What is the commission for a car salesman?
In India , Most salesman would get commission based on the current road price and the company of the car .salesman would get upto 5-7%.
What is a sentence using commission?
He used a gun in the commission of the crimeThe salesman was on commissionThe officer resigned his commission
