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.
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Formula Of Commission Calculator
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
To calculate rental commision, you can use our Rental Commision Calculator.
To clearly understand what the commission is, let's solve some practical examples.
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.
Commission in (%) = 5%
Sales price = $5500
Amount of commission = ?
Let us solve the above problem using the formula we listed above.
Commission amount = sale price x commission in 100%/100
Putting values in the formula:
Commission amount = 5500 x 5 %/100 = 275
The total amount of commission earned by the member who generated the highest sale is $275.
How to use Commission Calculator?
The steps to use commission calculator are as follows:
Step 1: Enter the value of sale price in the required input.
Step 2: Enter the value of commision in the required input.
Step 3: The calculator will automatically display an answer on the screen.
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.