Commission Lesson Smartboard

December 08, 2009

Commission

fee paid to an agent providing service; usually a percent (%) of the total amount of business transacted.

e.g. Mark paid 5.25 % commission to the real estate agent who sold his house for $355 900. How much commission did the agent get?

e.g. realtor, sales associate, sports agent, etc. Commission is usually, if not always, added to a person's regular pay (hourly or salary).

e.g. Kevin gets paid $550/week plus 3.25% commission on sales for the week. They had weekly sales of $2 000, $1 500, $950, and $625. a. How much did Kevin get paid per week? b. How much did Kevin get paid for the month?

e.g. Alex gets paid $15.00/h plus 2.5% commission. Calculate Alex's earnings for a 20-hour week in which Alex's sales were $5 045.

December 08, 2009

e.g. Sal earns $425/week, plus commission for selling electronics. In one week, he earned a total of $652, with sales of $6 500. What is Sal's rate of commission (to the nearest 1/100)?