Commission

Use the anagram given to find a meaningful word
sniosmicom
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Slide 1: Slide
EconomieTertiary Education

This lesson contains 20 slides, with interactive quizzes, text slides and 1 video.

time-iconLesson duration is: 45 min

Items in this lesson

Use the anagram given to find a meaningful word
sniosmicom

Slide 1 - Slide

CLUE
This word is a kind of pay based on sales

Slide 2 - Slide

Lesson 1.6: Commission
Pages 112-114

Slide 3 - Slide

You will be able to 
  • Describe commission,commission rate, straight commission.
  • Compute straight commission pay 
  • Evaluate the difference between being paid salary and being paid on commission

Slide 4 - Slide

Slide 5 - Video

Facts
 Commission:This is an amount of money that you are paid
for selling a product or service
Commission Rate:This is either a specified amount of money paid for each sale or a percent of the total value of your sales.
Straight commission: The commission
 is the only pay you receive,on your work.


Slide 6 - Slide

Commission is payment based on value of _________.

Slide 7 - Mind map

A specified amount of money paid for
each sale or a percent of the total value of your sales
A
Commission
B
Commission Rate
C
Straight Commission
D
Total Pay

Slide 8 - Quiz

What is a straight commission ?

Slide 9 - Mind map

Is there a difference between commission and straight commission?

Slide 10 - Open question

Straight Commission
Straight commission=Total Sales X Commission rate

Slide 11 - Slide

1. $9,400 × 8% commission rate.Find the straight commission.

A
680
B
790
C
560
D
752

Slide 12 - Quiz

Glen makes sales worth $143,400 and his rate of commission is 5.5%.Find the straight commission.Show working.

Slide 13 - Mind map

Minimum Salary and Total sales
Minimum Salary: Instead of working only on commission, you
might be guaranteed a minimum weekly or monthly salary.
 y. In some
cases, the commission you earn during a week or month is compared
with your minimum salary and your gross pay is the higher of the two amounts. In other cases, you might be paid a base salary and earn commission in addition to this base salary

Slide 14 - Slide

Formula for total pay
Total Pay=Minimum Salary+(Commission rate X Sales)

Slide 15 - Slide

Isaiah Copeland sells tennis equipment. He is guaranteed a minimum salary of $1,500 per month plus 5.75% of his total sales. What are Isaiah’s total sales for a month in which his gross pay was $2,075?

Slide 16 - Open question

Give the formula for calculating total pay

Slide 17 - Mind map

Why do you think a minimum salary plus a commission is paid for?
A
To show the business competitors that they are paying well
B
To make them lazy
C
To encourage the employees to stay at the job
D
To give extra income

Slide 18 - Quiz

Give the important terms or formula of the lesson.

Slide 19 - Mind map

Slide 20 - Slide