Commission is when you make money based on the percentage of _____.
Question: Commission is when you make money based on the percentage of _____.
Commission is when you make money based on the percentage of sales.
For example, a salesperson might earn a 10% commission on all of the sales that they make. This means that for every $100 worth of products or services that they sell, they would earn $10 in commission.
Commission-based pay is a common way to compensate salespeople, as it motivates them to sell more products and services. It is also a common way to compensate other types of workers, such as real estate agents, insurance brokers, and stockbrokers.
Here are some other examples of how commission is used:
- A real estate agent might earn a 6% commission on the sale of a home.
- An insurance broker might earn a 15% commission on the sale of an insurance policy.
- A stockbroker might earn a 1% commission on the purchase or sale of a stock.
Commission rates can vary depending on the industry and the type of product or service being sold. Commission rates can also be negotiated between the employee and the employer.
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