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Last week Don Felt made a commission of $325.80 on $2715 sales. Find his rate of commission.
S325.80/2715=12%
What else can I help you with?
How do you find the rate of commision?
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% ).
What is the typical commission rate for a for sale by owner transaction?
The typical commission rate for a for sale by owner transaction is around 3 to 6 of the sale price.
What is the average stock broker commission rate?
2.5%
What is the commission rate for a futures broker?
The commission rate for a futures brokers vary according to how much work is in it for them. You can find discount brokers for as little as 59 cents per trade.
What is the commission rate for selling a million dollar home?
The commission rate for selling a million dollar home is typically around 5-6, which would amount to 50,000 to 60,000.
What is the formula for getting the commission?
You multiply the commission rate (the percentage, divided by 100), by the amount for which you are supposed to get commission.
What is the commission rate if total sales are 8300 and you received 249?
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%.
What is the formula of commission?
Commision (C) = Total Sales (TS) X Rate Of Commission (RC)
What is formula of commission?
Commision (C) = Total Sales (TS) X Rate Of Commission (RC)
How do you find the rate of commision?
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 $5,000 in sales, the commission rate would be ( \left( \frac{500}{5000} \right) \times 100 = 10% ).
How do you create an IF formula for commission in excel using absolute value?
There were would be various approaches to this depending on specifically what you wanted to do, like what and how many rates there are. The following is a simple example based on a single commission rate and a value that has to be reached before commission is earned. If you take it that the value being checked for commission is in A3, the rate of commission is in B4, and the minimum value at which commissioned can be earned is in B5, then you could use the following formula: =IF(A3>=$B$5,A3*$B$4,0)
What is commission rate for home-owner's insurance?
The commission rate is the commission earned by the agent or broker who places the policy wit the company.
Which commission was proposed by three language formula for education?
Kothari commission
Is the percent of total sales paid as commission to a salesperson?
Commission rate
Total sales 13600 commission rate 2.75?
Commission: $374.00
How do you set selling price if you know what you want to net after commission?
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.
How do you find the commission rate?
How you find the commission rate varies depending on the job. Some jobs pay a commission of 10% of total sales while some have commission that is on a sliding scale. In real estate, the realtor makes a commission from each sale. You can ask what the rate is prior to hiring the real estate agent.
