What is a commission?
A commission is usually a percentage of the value of the goods sold. People such as real estate agents and salespersons are paid a commission. Advantages of this include higher sales increases the income which promotes hard work, and may receive a retainer (such as an hourly rate) plus the commission. However, disadvantages of commission include an unstable income as it varies each week and a negative high competition for customers between employees. This post will help you solve commission questions in Prelim Standard Math.
How to find the commission
The videos below explain in detail what a commission is and further what a retainer is.
How to calculate a commission for a real estate agent
The following video explains how to calculate a commission for a real estate agent.
How to calculate a commission for when a person also receives a retainer
This video explains how to calculate a commission when a person also receives a retainer.