Commission Calculator
If you don't know the amount of commission you will get based on the sales you made, there is nothing to worry about! Our commission calculator will get it for you.
What is Commission?
The amount of money presented to the employees based on their sales is known as commission or sales commission.Moreover,
It is usually determined from the sale's value percentage. For instance, on sales of $100, a 2% commission will be granted. Here the company will calculate commission value on behalf of the trade done by the employees.
Commission Calculator Formula
To get the commission amount, you can use the formula listed below, or to find it quickly, you can jump to our commission calculator.
Commission amount = sale price x commission in 100% / 100
Example
To clearly understand what the commission is, let's solve some practical examples.
Problem
Suppose a company ABC will give 5% of commission on the total sales generated by each team member. The highest sale generated by the team member is $5500. So from the given data, find out the deserving amount of commission for this member.
Solution
Let us solve the above problem using the formula we listed above.
Given data
Commission in (%) = 5%
Sales price = $5500
To find
Amount of commission = ?
Formula
Commission amount = sale price x commission in 100%/100
Putting values
Commission amount = 5500 x 5 %/100 = 275
The total amount of commission earned by the member who generated the highest sale is $275.
Calculator Use
To instantly find the amount of commission, you can use our commission calculator. Just put the sale and commission (%) values; after that, our calculator will display the answer on the screen.