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What is rate of commission in math?

Updated: 4/28/2022
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Wiki User

12y ago

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If the commission was $27,000 and the Agent sold the home for $360,000, what was the exact commission?

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Setimia Ager

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2y ago
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12y ago

commission is usually a percentage (say 5 %) of the sales. Say you sold 11,500 dollars of goods, your commission would be 0.05 (5 %) * 11,500 = 575 dollars

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Q: What is rate of commission in math?
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Related questions

What does commission rate mean in math terms?

the term commission means the amount of money you earn


What is the definition of commission in math terms?

In math terms commission is the amount of money a salesclerk receives on a sale. A salesclerk receives a commission with their salary.


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.


Formula of rate of commission?

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%


How do you find rate of commission math?

, comission is a percent of a number that goes into something else example $4000 60% $40000 * (60%) (change it to decimal) the result is 2400


What does commission mean in math?

commission is the money paid to a salesman each time a sale is made.


Total sales 13600 commission rate 2.75?

Commission: $374.00


Is the percent of total sales paid as commission to a salesperson?

Commission rate


What is the definition of commission used in math?

to earn profit


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.


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 rate of commission on a 15000 sale if the commission is 45?

15000 x 45 % = 6,750