Question

Tyrion is compensated by his company under a straight commission plan. He receives 10 percent of the total sales revenue per week. In a particular week, the total sales revenue is $6,000. This amount is known as the:__________.

Answer 1

Answer:

Salesperson compensation

Explanation:

According to straight commission plan the sales person is paid compensation on the basis of a fixed percentage of the total sales volume rather than paying a fixed salary.

This method encourages the sales persons to work efficiently towards increasing the sales in return for a compensation or commission.

In this particular case Tyron will receive 10% of $ 6,000 that is $ 600 as a commission for making these sales of $ 6,000.