1. What is Commission? It’s usually given as a percent. Sometimes, it is the only pay a sales person earns!

2. Common Commission Jobs &Their Rates Real estate agent – 3% to 6% of the final sale Car Salesman – 25% on the profit Retail Sales (handbags, beauty) – 3% to 5% Retail Sales (shoes, appliance, electronics) – 8% to 10% Furniture Sales – 2% to 6% Insurance Agents – varies widely

3. How Do We Calculate Commission? Commission = Amount of Sales x Rate of Commission

4. Straight Commission Example An insurance agent earns a 7.5% commission on her sales. If she sell a $1250.00 policy, how much does she earn?

5. Salary & Commission Example Francine works at Best Buy and earns $9.50 an hour and a 4% commission on all sales. Last week she worked 23 hours and her sales totaled $4091.47. Find her weekly pay.

6. Try a Straight Commission Problem Stella works as a salesperson in a jewelry store. She is paid an 12% commission on her sales. One very busy day she made the following 4 sales; A ladies watch: $275.95 A diamond necklace: $599.99 A pair of cufflinks: $125 A gold bracelet: $399.25 What was Stella's commission on her total sales?

7. Try a Commission & Salary Problem Jenna works at the Shoe Department in Macy’s. She earns $8.70 an hour and a 8.5% commission on her sales. If Jenna worked 19 hours and sold $805.00 worth of shoes, how much does she earn in all for the week?

8. Philadelphia Real Estate You earn a 4.5% commission on the selling price of a home. Last month, you sold the 2 homes above, how much was your commission?

9. Bucks County Real Estate You earn a 4% commission on the cost of a home. In the last 3 months, you sold the homes above. How much was your commission?

10. Foot Locker Sales You sell the shoes above on your 6 hour shift. You earn $7.75 an hour, and you make a 10% commission on your sales. How much did your earn in all during your shift?