What does commission sales mean?

If they have a sign in the shop window that they only accept to the commission, what does it mean?
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1 Answer

Answer :

This means that the "merchant" will not buy the item from you, he will only issue it and try to sell it, for which he will collect a (pre-determined) commission from the selling price. So he will pay you the given amount (selling price minus his commission) only after the sale has taken place. It also assumes (and does not offer) any warranties for the subject.
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Related questions

What is the average commission for technology sales?

Description : What is the average commission for technology sales?

Last Answer : In this economy and market, a straight commission job should set off flags and alarm bells. Advertising is down 300% yoy, and I hope you do well, but beleive that you may be uncompinsated for your efforts.

Ling makes a base salary of $800 per month plus a commission of 15% on sales. How much must Ling sell in order to earn $5 000 per month?

Description : Ling makes a base salary of $800 per month plus a commission of 15% on sales. How much must Ling sell in order to earn $5 000 per month?

Last Answer : $32,533.34To make $5,000 on a 15% commission he needs to sell $33,333.34 (rounding up to the nearest cent since he can't make part of a penny) worth of goods. However, $800 is already taken care of up front, so 33,333.34 - 800 = 32,533.34.

what is the answer to A sale price will earn a commission equal to 1/32 of the total sale. What is the commission earned on sales totaling 24,000?

Description : what is the answer to A sale price will earn a commission equal to 1/32 of the total sale. What is the commission earned on sales totaling 24,000?

Last Answer : 1/32 (2400)=$750

do sales reps make commission or just salary?

Description : do sales reps make commission or just salary?

Last Answer : Depending on the company they may make salary, commission, or some combination of the two. You should check with the company you are wondering about to see what they offer.

A commission or fee paid, when an agent or an individual sells an investment such as mutual funds or annuity is known as _________ A. Redemption fee B. Service Charge C. Regressive tax D. Sales tax

Description : A commission or fee paid, when an agent or an individual sells an investment such as mutual funds or annuity is known as _________ A. Redemption fee B. Service Charge C. Regressive tax D. Sales tax

Last Answer : A. Redemption fee Explanation: A mutual fund redemption fee, also referred to as a -market timing fee , or -short-term trading fee , is a charge by a mutual fund company to discourage investors from ... (i.e. a purchase, typically a transfer, followed by a sale within a short period of time).

When working with Outside Sales, each salesperson costs a. $35,000. b. $100,000. c. $50,000. d. $125,000. e. $110,000 plus a commission of 1%.

Description : When working with Outside Sales, each salesperson costs a. $35,000. b. $100,000. c. $50,000. d. $125,000. e. $110,000 plus a commission of 1%.

Last Answer : d. $125,000.

When working with inside sales, each inside salesperson costs a. $35,000. b. $100,000. c. $50,000. d. $125,000. e. $110,000 plus a commission of 1%.

Description : When working with inside sales, each inside salesperson costs a. $35,000. b. $100,000. c. $50,000. d. $125,000. e. $110,000 plus a commission of 1%.

Last Answer : c. $50,000.

Jose Suarez has been promoted to sales manager at a new firm and is trying to come up with a sales -force compensation method. He would like to have selling expenses relate directly to sales resources, a highly aggressive sales force, and minimization of nonselling tasks. What compensation method(s) would best fulfill his requirements? A)Combination B)Straight salary C)Straight salary plus generous fringe benefits D)Straight commission E)Salary plus a bonus

Description : Jose Suarez has been promoted to sales manager at a new firm and is trying to come up with a sales -force compensation method. He would like to have selling expenses relate directly to ... B)Straight salary C)Straight salary plus generous fringe benefits D)Straight commission E)Salary plus a bonus

Last Answer : D)Straight commission

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Description : Export agents A)bring buyers and sellers from different countries together and collect a commission for arranging sales. B)purchase products from different companies and sell them to ... customers in foreign countries. D)arrange for licensing agreements between domestic and foreign countries.

Last Answer : A)bring buyers and sellers from different countries together and collect a commission for arranging sales.