what Ara the comossion with example
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Answer:
Commissions are a form of variable-pay remuneration for services rendered or products sold. Commissions are a common way to motivate and reward salespeople. Commissions can also be designed to encourage specific sales behaviors...
A fee paid for services, usually a percentage of the total cost. Example: City Gallery sold Amanda's painting for $500, so Amanda paid them a 10% commission (of $50)..
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Answered by
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Hey mate....
Here is your answer;
A commission is a service charge assessed by a broker or investment advisor for providing investment advice
or handling purchases and sales of securities for a client.
There are important deferences between
commissions and fees , at Lea in the way these words are used to describe professional advisors bin the financial services industry. A commission- Based advisor or broker makes money by selling investment products such as mutual funds
and annuities and conducting transactions with the client's money. A fee- based advisor charges a flat rate for managing a client's money . This may be either a
dollar amount or a percentage of assets
under management ( AUM). sales
between family members are often gifts
of equality, which are not commission - based
Example of commission:
A fee paid for service, usually a percentage of total cost. Example ; city
Gallery sold Amanda's painting for
$ 500, so Amanda paid them a 10%
commission ( of $ 50 ).
I hope my answer is helpful to you
peace ✌
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