Commission Calculator

Updated: May 28, 2018
FINANCE   INTEREST  

Commission Calculator is used to calculate the commission you can earn from a sale.
What does Comission mean?
A commission is a fee that a business pays to a salesperson in exchange for the services in either facilitating or completing a sale.
Formula
Commission = Sale Amount × Commission Rate
Example

Ms. Jane is to earn 4% of all sales, less any returned merchandise. If she reaches $60,000 in sales by the end of the quarter, the commission retroactively changes to 5%. In the first quarter, she has $61,500 of sales, less $500 of returned merchandise. Thus, the calculation of her commission for the entire quarter is:-

Therefore, $61,000 total sales x 5% Commission rate = $3,050

 
Created: May 18, 2018
Online Tool Designed For: Windows, OS X, Android, iOS, Linux