What is commission - Definition and Meaning

Commission :

The commission is a fee paid based on the percentage of sale made by an employee and it is differentiated from usual payment of salary.


Formula :

C = S x RC % Where, C = Commission S = Amount of Sales RC% = Rate of commission

Example :

S*RC= 50000 x 3.5/100 = Rs.1750

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Learn what is commission. Also find the definition and meaning for various math words from this math dictionary.


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