i need help. i have no idea what comission is. these are the problems:
1. Make and solve a word problem for % comission.
2. make and solve a word problem for % profit.
i know how to solve them, i just cant figure out how to make word problems for them...any help would be appreciated...
2007-03-21 11:58:16 · 4 answers · asked by Anonymous in Education & Reference ➔ Homework Help
commission is when a sales person gets paid for helping to sell an item. So lets say they get 2% comission." A salesman helps a customer pick out a new dress and accessories for a dinner party. The total purchase comes out to be $450. The salesman gets $9 for the commision. What is the % of comission for the salesman?" so you would figure out $9 of $450. I think they get paid comission before sales tax is added. So the commission would be 2%,.
Profit is how much the business makes on each item they sell. They have to make or buy the item initially for a certain cost. So lets say the company sells soccer balls. " A soccer store buys it's soccer balls fro the manufacturer for $10 each. They sell the balls for $30 each. How much profit do they make?" they make $20 profit, since they had to buy the ball for $10. So $20 out of $30 is 2/3 or 66.7% profit.
2007-03-21 12:08:02 · answer #1 · answered by mitchellinho 4 · 0⤊ 0⤋
Commission is the percent of the amount of a sale that a salesman gets to keep for his pay. For example if there is a 5% commission on the sale of a car and a car sells for $20,000, the commission would be 5% of $20,000 or $1,000.
% profit means the ratio of the actual profit over the cost to buy the thing that's sold, converted to a percent. So if you buy an old table for $100 and fix it then sell it for $125, you made a profit of 125 - 100 or $25. As a percent, 25/100 = 25% profit.
So make your problems similar to that.
2007-03-21 12:08:38 · answer #2 · answered by hayharbr 7 · 0⤊ 0⤋
Comission is how much money sales people get, in addition to there regular pay, for selling goods. They get an extra percentage for making a sale.
2007-03-21 12:07:31 · answer #3 · answered by Pookie 5 · 0⤊ 0⤋
i hope this helps. commision is the percentage an employee makes for selling a certain thing. so if they sold a $10 item and commision was 6% then 6% of the $10 dollars would be the commision the employee earned
2007-03-21 12:06:37 · answer #4 · answered by Gabriella4 5 · 0⤊ 0⤋