The formula to calculate the Consignment Percentage (CP) is:
\[ CP = \frac{CS}{TS} \times 100 \]
Where:
Let's say the share of sales disbursed to consignors is $5,000 and the total sales amount is $20,000. Using the formula:
\[ CP = \frac{5,000}{20,000} \times 100 \]
We get:
\[ CP = 25 \% \]
So, the consignment percentage is 25%.
Definition: The consignment percentage is the portion of the sale price that the consignor receives when an item is sold.
Formula: \( CP = \frac{C}{S} \times 100 \)
Example: \( CP = \frac{60}{100} \times 100 \)
Definition: The average consignment percentage is the typical portion of the sale price that consignors receive across various consignment shops.
Formula: \( ACP = \frac{C}{S} \times 100 \)
Example: \( ACP = \frac{50}{100} \times 100 \)
Definition: The percentage a consignment shop takes is the portion of the sale price that the shop retains as its fee.
Formula: \( PS = \frac{S - C}{S} \times 100 \)
Example: \( PS = \frac{100 - 60}{100} \times 100 \)
Definition: Consignment rates for sales refer to the agreed-upon percentage split between the consignor and the consignee.
Formula: \( CR = \frac{C}{S} \times 100 \)
Example: \( CR = \frac{70}{100} \times 100 \)
Definition: A sample consignment commission rate is an example of the percentage split between the consignor and consignee.
Formula: \( SCR = \frac{C}{S} \times 100 \)
Example: \( SCR = \frac{55}{100} \times 100 \)
Definition: A consignment sale pricing guide helps determine the appropriate sale price for items being consigned.
Formula: \( SP = C + (C \times \frac{PS}{100}) \)
Example: \( SP = 60 + (60 \times \frac{40}{100}) \)
