Commission (HSC SSCE Mathematics Standard): Flashcards

Payment based on % of sales value

Real estate agents and salespeople

\text{Commission} = \text{%} \times \text{Value sold}

Earning more money

Small fixed payment in addition to commission

Earnings change week to week based on sales performance

Usually very high

Divide by 100 (move decimal 2 places left)

Subtract threshold first, then calculate % of remainder

Fixed weekly pay plus commission on sales