This document discusses different types of commission-based pay structures: 1. Straight commission, where pay is a straight percentage of total sales. An example of 3% commission on three car sales is provided. 2. Salary plus commission, where there is a base salary plus an additional percentage earned from sales. An example of $400 monthly salary plus 2.5% commission is given. 3. Graduated commission, where the commission percentage increases as sales increase. An example commission structure of 2% on first $10,000 of sales, 3.5% on next $7,000, and 5% on sales over $17,000 is provided.

1. UNIT 1: INCOME &
DEBT
COMMISIONS

2. Common ways people GET PAID, other than
commission are...

3. COMMISSION is an amount paid, usually a %,
based on your sales.
Some careers that income is based on commission
are...

4. There are 3 basic types of commission:
1) STRAIGHT COMMISSION
­ A straight % of your sales.

5. EX You are a car salesperson and you make 3% of
your weekly sales. You've sold three cars this
week for $11000, $12500 and $32000
respectively. What was your gross pay?

6. 2) SALARY PLUS COMMISSION
­ A straight % of sales AND a base salary.

7. EX You work at Rogers and you get a base salary of
$400 per month and 2.5% of all your monthly
sales. What is your gross pay?

8. 3) GRADUATED COMMISSION
­ A straight commission that increases as
your sales increase. quot;The more you sell, the
more you make.quot;

9. EX You work in computers at future shop and make:
­ 2% on first $10000 in sales.
­ 3.5% on next $7000 in sales.
­ 5% on any sales OVER $17000.
If you sold $28000 worth of computers this
month, what is your gross pay?

10. HOMEWORK
pg.5; #2,5,8,13,14