COMMISION

Definition of Terms
• Commission (C)
–The amount of money received
by a salesperson in selling goods.
• Rate of Commission (R)
–Is the percentage of the value of
the item on goods sold.
• Gross Proceed (G)
–The amount of sales made by
a salesperson.
• Net Price (N)
–The amount that is left after
the commission is deducted
from the sales
 Formulas

•1)  C = G x R 1) G =

2) G= C ÷ R 2) N = G - C

3) R = N ÷ O
EXAMPLES