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What is comission in math?

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Anonymous

14y ago
Updated: 8/19/2019

Commission is generally used in regards to earning money or consumer arithmetic.

It refers to a method of payment used widely in sales related jobs. In commission, a worker is generally paid a base amount (also called a retainer) which they get regardless of any sales made or not made. They are also paid a percentage of the value of the sales they make.

e.g. John is a car sales, he is paid a retainer of $300 a week and earns a commission of 2.5% on any sales he makes. In one week if John sells one car worth $37500 how much will he earn that week?

2.5% of $37500 = $937.50

$937.50 + $300 = $1 237.50

John earnt $1 237.50 that week.

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Wiki User

14y ago

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