Commision (C) = Total Sales (TS) X Rate Of Commission (RC)
Kothari commission
You multiply the commission rate (the percentage, divided by 100), by the amount for which you are supposed to get commission.
There are many many ways of calculating commission - it depends on the contractual agreement.
Commision (C) = Total Sales (TS) X Rate Of Commission (RC)
There is no standard formula. Different employers use different methods.
To find the commission rate, you can use the formula: Commission Rate = (Commission Earned / Total Sales) × 100. In this case, the commission rate would be (249 / 8300) × 100, which equals approximately 3.0%.
Commission divided by sale = rate of commission.For example:Last week Don Felt made a commission of $325.80 on $2715 sales. Find his rate of commission.S325.80/2715=12%
There were would be various approaches to this depending on specifically what you wanted to do, like what and how many rates there are. The following is a simple example based on a single commission rate and a value that has to be reached before commission is earned. If you take it that the value being checked for commission is in A3, the rate of commission is in B4, and the minimum value at which commissioned can be earned is in B5, then you could use the following formula: =IF(A3>=$B$5,A3*$B$4,0)
80700 x 0.025 = 2017.50.
what is Bunching
To find the rate of commission, divide the total commission earned by the total sales amount and then multiply by 100 to express it as a percentage. The formula is: ( \text{Commission Rate} = \left( \frac{\text{Total Commission}}{\text{Total Sales}} \right) \times 100 ). For example, if a salesperson earns $500 in commission from $5,000 in sales, the commission rate would be ( \left( \frac{500}{5000} \right) \times 100 = 10% ).
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.