Is the amount of payment or incentive received for

the services rendered by the seller of goods or

properties from another individual or entity.

Amount of Commission = Percent of Commission • Total Sales

Is the price at which the goods or properties are

being sold

SELLING PRICE = Commission ÷ Rate of Commission

Is the percent an agent or salesman receives for
his/her work

RATE OF COMMISSION = Commission ÷ Selling Price

Is the amount of money that an owner gets or

receives after deducting the commission.

NET PROCEEDS = Total Sales - Commission

What is asked?

What is the Formula to be used?

How much did he receive?

How much did the owner receive?

What is asked?

What is the Formula to be used?

What is the rate commission he receive?

How much did the owner receive?

TOTAL SALES PERCENT OF AMOUNT OF NET PROCEEDS
COMMISION COMMISSION

P 3,250 10% P 325 P 2925

P 3,680 20% P 736 P 2944
P 3,900 13% P 507 P 3393
P 2,500 5% P 125 P 2375
P 8,125 16% P 1,300 P 6825
P 145 10% P 14.50 P 130.50
Write the definition and formula used for each
mathematical term.
1. Percentage
2. Rate
3. Base
4. Interest
5. Rate of Interest
6. Principal
7. Time (Interest)
8. Discount
9. Rate of Discount
10. Net Price (Discount)
11. Marked Price (Discount)
12.Commission
13.Rate of Commission
14.Original Price (Commission)
15. Net Proceeds