Business Math 1.4 Commissions.

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Presentation transcript:

Business Math 1.4 Commissions

Goals Calculate straight commission earnings Calculate commission earnings based on quota Calculate graduated commission earning Find the rate of commission

Start Up Two sales jobs are advertised in the newspaper. The first job pays a commission of 3.5% on all sales, and sales usually average $52,000. The second job pays a commission of 4% on sales up to $5,000 and 12% on sales over $5000, and the sales usually average $25,000 a month. Based on the usual monthly sales average, which job pays more? Do Math Builder page 20

Straight Commission Commission – may be an amount for each item sold, or a percentage of the dollar value of sales. Straight commission - when the earning for a person come only from the amount they sell. Quantity sold * Rate of commission = commission

Commission based on quota Quota – the fixed amount a sales person must sell before they can start earning commission (sales-quota)*commission rate = commission

Graduated Commission Graduated Commission – the rate of commission increases as sales increase

Rate of commission on sales To find the rate of commission take the amount of commission paid / sales Wrap up Page 23 In a Group discuss communication page 23