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Types Of Commission

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Types Of Commission

1. 1. Commission We will look at 3 different forms of commission 1. Straight Commission 2. Salary plus Commission 3. Graduated Commission
2. 2. Straight Commission Straight commission is when a person is paid a % of sales only. Example 1 Harry receives 30% commission on the appliances he sells. If he sells a TV for \$350.00, a Refrigerator for \$400.00 and a heater for \$440.00 how much does Harry make in commission? (350 + 400 + 440) = \$1190 1190 x .30 = \$357
3. 3. Straight Commission Juliet receives 25% commission on the appliances she sells. If she sells a computer for \$450.00 , a printer for \$200.00 and a cellphone for\$ 508.00, how much does juliet make in commission?(diesel) 450+200+508=\$1158 1158(.25)=\$289.50
4. 4. Salary plus Commission This is exactly as it sounds, a person gets paid a salary and a % of sales. example 2 Harry decides to work for another company that will pay him \$350 per week and 6% of any sales above \$3000. If he sold goods worth \$5688.00 what is his gross pay? 5688 - 3000 = \$2688 2688 x .06 = \$161.28 Commission 161.28 + 350 = \$511.28 Gross Pay
5. 5. Graduated Commission This is when the % changes based on how much someone sells. Example 3 Steve works for a company that pays him 1% on the first \$5000 sold, 2% on the next \$15000 sold and 3% on all sales over \$20 000. What is his gross pay if he sells \$25 000? 5000 x .01 = \$50 25 000 - 5000 = \$20000 15000 x .02 = \$300 20000 - 15000 = \$5000 5000 x .03 = \$150 50 + 300 + 150 = \$500