Which of the following describes commission?Question 2AnswerA.The commission is the discount given on a purchase.B.Commission is the interest earned on a savings account.C.The commission is the fee charged by a bank for a loan.D.Commission is a percentage of sales earned by a salesperson.
Question
Which of the following describes commission?Question 2AnswerA.The commission is the discount given on a purchase.B.Commission is the interest earned on a savings account.C.The commission is the fee charged by a bank for a loan.D.Commission is a percentage of sales earned by a salesperson.
Solution
The correct answer is D. Commission is a percentage of sales earned by a salesperson. This is a common practice in sales jobs where the salesperson gets a certain percentage of the income from the sale they have made. This serves as an incentive for the salesperson to sell more. The more they sell, the more they earn.
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