Copyright

Commission & Profit: Definitions, Equations & Examples

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Which of the following is the correct formula for calculating profit?

Create Your Account To Take This Quiz

As a member, you'll also get unlimited access to over 79,000 lessons in math, English, science, history, and more. Plus, get practice tests, quizzes, and personalized coaching to help you succeed.

Try it risk-free
Try it risk-free for 30 days. Cancel anytime
Already registered? Log in here for access

1. Part of Gina's pay includes a commission of 4% of everything she sells. If she sells $500 in one week, how much commission will she earn?

2. Calculate profit given the following information: revenue from sales = $1,500 and expenses = $800.

Create your account to access this entire worksheet
A Premium account gives you access to all lesson, practice exams, quizzes & worksheets
Access to all video lessons
Quizzes, practice exams & worksheets
Certificate of Completion
Access to instructors
Create an account to get started Create Account

About This Quiz & Worksheet

Commission and profit are two topics you can test your knowledge of thanks to this quiz and worksheet. You need to know how to calculate profit to do well on the quiz.

Quiz & Worksheet Goals

You will be tested on these topics:

  • Finding the commission
  • Calculating total pay
  • The correct formula for calculating profit
  • Determining profit

Skills Practiced

  • Problem solving - use acquired knowledge to solve profit practice problems
  • Knowledge application - use your knowledge to answer questions about calculating profit and commission
  • Interpreting information - verify that you can read information about the formula used to find profit and interpret it correctly

Additional Learning

Use the lesson titled Commission & Profit: Definitions, Equations & Examples to see what more you can learn. Some tasks you can cover include:

  • Define commission
  • Review examples of costs
  • Practice using the profit equation
Support