Quiz & Worksheet Goals. Answer: Let the total value of the property be Rs x. Welcome to Online Quantitative Aptitude Section Section with explanation in AffairsCloud.com. This is the currently selected item. I know someone looking for a home. Percent word problems: tax and discount. n – 10,000) = Rs. How much does he get off these properties? Percent word problem: guavas. So in our theoretical exercise he makes $1 a bottle or $12 a case. This session will be from basic to advance level. Online mortgage calculator which helps to calculate how much commission rate or percentage you can get for sales. Percent word problems. Click here to find COMMISSION BASED QUESTIONS | PERCENTAGE | Nehra sir In this video, I have explained the basic concepts and tricks of commission based questions. Share on twitter. Use the multiple choice boxes on the right to select your answer. Here's the scoop: A fellow co-worker is in need of some part-time income to help supplement his income. A salesman was paid a monthly salary of sh.20000 p. Percentage commission; 2017-10-03 15:36:08. I think 10-12% is typical for commission only sales. Test Your Percentages. Quick Discussion on Commission Question Of Percentage. 860k watch mins. Question 14: 3% commission on the sale of a property amounts to Rs 42660. Commission Question: What percentage should I pay? First sale I understand I get … Percent word problems. This class is going to be very beneficial for aspirants of SSC CGL and all other one day competitive exams. That's what we have to work with. Can you work out the answers? percentage-commission Questions and Answers - Math Discussion Recent Discussions on Percentage Commission . How many properties could you expect to sell in a month in the current climate? Share on facebook. Take the test and strengthen your understanding. Feb 26, 2020 • 1h 1m . I think you are talking about investing in mutual funds as against directly in individual stocks. What will be the fraction of 4%. with full confidence. Here is a sample set of solved quantitative aptitude questions based on percentages. Age Calculator ; SD Calculator ; Logarithm ; … Percentage Questions & Answers for CAT,Bank Exams,AIEEE, Bank PO,Bank Clerk : A salesman gets commission on total sales at 9%. Some commission rates vary based on which products or services you’re selling. For instance, if an employee earns a 5 percent commission, 5/100 = 0.05. … He says he’s willing to pay me a 5,000.00 fee, if I put the deal together. Calculators and Converters . 1/4; 1/5; 1/10; None of above; Answer And Explanation. Commission calculator does a very simple calculation for you - it calculates the percentage-based remuneration. Percent word problem: recycling cans. Real estate agent earns 3.5% commission on every property sale. Scroll down and press OK done to have them marked online. It is ok since I’m not charging a percentage commission? In cases where more than one estate agent has played a role in selling the home, the question of who receives the commission may have to be decided in court. Answer: 1 question A salesperson sells 2100 in merchandise and earns a commission of 252. For each one they sell, your reps would collect $5,000. Sale Sale 75.00 75.00 x alamy Commission 50% 37.50 37.50 x Sale Sale 33.36 70.86 x alamy Commission 50% 16.68 54.18 x I dont understand how was the above calculated? Percentage/Commission Pay Question Discussion in 'Trucker Legal Advice' started by amscontr, Nov 23, 2012. $335,000. Your questions appears to be what is given an agent through the broker as oppose to what is charged. I'm writing a script to backtest some strategies for a set of stocks using the bt framework for python. Answer: Option D. Explanation: 4*1/100 = 1/25. 500 + 0.04 n – 400 => Commission charged = Rs. Question 7 : A broker charges commission of 5% on all orders upto Rs.10,000 and 4% on all orders exceeding Rs. 110 93. What will be the fraction of 20%. Commission Rate, Percentage Calculator. 2 … In this section you can learn and practice Aptitude Questions based on "Percentage" and improve your skills in order to face the interview, competitive examination and various entrance test (CAT, GATE, GRE, MAT, Bank Exam, Railway Exam etc.) In this special session, Nilesh Tomar Sir will teach Percentage. Commission rate. Solving percent problems. Nilesh Tomar . If I sell a property, 1.5% plus vat of final price goes to the company, how much do the sales agents get? Recent percentage-commission Questions and Answers on Easycalculation Discussion . Share This Post. The practice questions on the quiz will test you on identifying the percentage increase or decrease from sample scenarios. This is the currently selected item. Last but not the least, practice as many question as you can to gain better understanding of these concepts of percentages and to improve your speed in solving problems related them. My neighbor wants to sell his home. Percent word problem: magic club. He has two assets that are very valuable for me and my business: 1) the gift of gab and 2) knows a ton of people in the surrounding community. By. Quite like the idea of a career in property sales. This session is very useful for all the aspirants who are targeting management entrance exams. 4. 10,000. There's nothing to worry about! Percent word problem: recycling cans. In other words, what is the highest percentage you would recommend of a purchase go toward the purchase of the stocks? Y ou could expect around three to six questions that tests concepts in Percentages, Fractions, Decimal fractions, Profit & Loss, Discounts and Simple & Compound interest in the GMAT quant section. n => Commission charged = 5 % of Rs. Email. Why Aptitude Percentage? If you are unsure return to the percentages page . Of that $3 there are overhead costs, profits and % goes to the salesman. (and Remax agents are self employed, so how does that work?). Top Calculators. These types of questions are asked in every exam and I tried to cover the entire pattern of questions that are being asked in the exam Here we are creating question samples from Percentage with explanation, which is common for competitive exams. Practice: Percent problems . Answer: Option B. The commission is usually based on the total amount of a sale, but it may be based on other factors, such as the gross margin of a product or even its net profit. Here is an example at the most basic level. Please don't answer "as low as you can get it" In other words, i am taking 79 dollars a check and investing it in one stock (a 4 dollar trade commission), that is about 5% of the stocks value being paid to the commission. Aruna - August 2, 2017. FINRA Series 3 Free Practice Questions 56. Take variable commission rates into account. Is there any law anywhere that requires an employer to disclose the amount of gross pay of the load that your percentage/commission pay is calculated? Maths question, percentage and commission? 1) Find 40% of 400: 2) If a shirt costs $20 and is reduced by 20% how much will the new price be : 3) A car cost $5000 + Tax. 1/20; 1/50; 1/75; 1/25; Answer And Explanation. Assuming your commission is a straightforward percentage of the commission base, you can figure this out by dividing the amount of your commission by commission rate (e.g., $1,500/.05 = $30,000). Do you pay estate agents if you don’t sell? $215,000. Solution : Let the order amount be Rs. Sorry for the newbie question here. Commissions: A commission is compensation based on a percentage of or some other amount based upon a salesperson’s orders or sales. 10,000 + 4 % of (Rs. View Answer; Comment on this question; 2. Math 7th grade Fractions, decimals, & percentages Percent word problems. I once worked with a commission only wine sales guy and he was making 10% on a case of wine. ? For example, a commission could be 6% of sales, or $30 for each sale. CCSS.Math: 6.RP.A.3, 6.RP.A.3c. As with any Omni calculator, it can calculate either way - start filling in any fields and the other ones will be calculated for you. Percentage Questions Answers. - the answers to estudyassistant.com The commission is negotiable in all instances. Find the order amount. 10 points to the quickest best explained answer, thanks so much in advanced. Dec 12, 2010 Illinois 0. Find the commission rate. Percent word problems. Really interested in all responses. This is the percentage or fixed payment associated with a certain amount of sale. Find your employee's gross sales by adding up all of his sales for the pay period to find the gross amount. I’m not a licensed real estate broker. So I wonder if someone would spare some time to assist me a little. 31,100 to his client after deducting his commission. Percent word problems. Hello Aspirants. Or set amount? Commission basis. Im getting a little confused with percentages. Commission Salespersons: Under the Labor … So thats (11.60 * 0.8275) which comes to 9.60 ((11.60 * 0.8275) = 9.60) meaning the commission rate is 2.00. If the sale is exceeded Rs.10,000 he gets an additional commission as bonus of 3% on the excess of sa I have 2 sales. Explanation: It will 20*1/100 = 1/5 . 0. Payment of Commissions Frequently Asked Questions (FAQ) Article 6 of the New York State Labor Law sets forth various requirements relating to the payment of wages to individuals who work on a commission basis. Google Classroom Facebook Twitter. One of the simplest and most commonly used sales commission structure is variable pay as a percentage of a single sale’s revenue. Tax is 17.5%. Percentage of commission = 3 Amount of commission = Rs 42660 Thus, 3% of Rs x = Rs 42660 ⇒ 3 100 × x = 42660 ∴ x = 42660 × 100 3 = 1422000 Hence, the total value of the property is Rs 14,22,000. Practice: Equivalent expressions with percent problems. What is the total value of the property? 1. Answer Save. How much do you earn in a year? Page 1 of 3 1 2 3 Next > Nov 23, 2012 #1. amscontr Light Load Member. Practice: Tax and tip word problems. Write your answer as a percentage. He remits Rs. Share on linkedin. Sample Questions and Answers on Percentages. As an agent you and the broker sign an agreement as to what percentage you will receive for selling a house through his/her brokerage firm. AffairsCloud YouTube Channel - Click Here. Please just a quick explanation and answers on how it's done I do not understand :( I know it has something to do by x100? No Answer. There is no normal commission or percentage for a agent. 1) I'm selling a product for 11.60, the commission for the sale of that item is 17.25%. Aptitude Questions – Percentage Set – 14. Practice: Percent word problems. < Prev; Next > New Articles. In this Session, Udit Saini will discuss the special type of percentage Questions " Sales Commission Questions with shortcuts ". Imagine your company sells a certain product for $100,000 with a sales commission rate of 5 percent. … Convert the percentage of commission to a decimal by dividing the commission rate by 100. Since the fee is a percentage of the home sale, it is payable only once the home has been sold. 'M writing a script to backtest some strategies for a set of stocks using the bt framework python! Oppose to what is given an agent through the broker as oppose to what charged. Up all of his sales for the pay period to find the gross amount commission to a decimal dividing... 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