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.
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.
If commission is paid on selling the product then it is selling expense .
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.
To set the selling price based on your desired net amount after commission, first determine the commission rate applicable to the sale. Next, calculate the selling price using the formula: Selling Price = Desired Net Amount / (1 - Commission Rate). This ensures that after the commission is deducted from the selling price, you will net the amount you intended. Adjust the selling price as needed to remain competitive while meeting your financial goals.
To calculate how much you would get after the broker's commission, first find the commission amount by multiplying the selling price ($7,000) by the commission rate (6%). This gives a commission of $420. Subtracting this from the selling price, you would receive $6,580 after the commission is paid.
To calculate the broker's commission, multiply the selling price of the house ($189,000) by 4.5%, which equals $8,505. Subtracting this commission from the selling price, you would receive $180,495 after the commission is paid.
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