Commission

Question 1

is the amount of money received by an agent or salesman for selling goods.

Answer 1

COMMISSION

Question 2

is the amount of the total sale.

Answer 2

Gross Price

Question 3

is the percent of the value of the items or goods sold.

Answer 3

Commission Rate

Question 4

If COMMISSION is unknown, we can solve it by applying the formula:

Answer 4

Commission = Gross Price x Commission Rate or
C = GP x CR

Question 5

True or False:
Commission Rate is the percent of the value of the items or goods sold.

Answer 5

True