The formula to calculate the Consignment Percentage (CP) is:
CP=CSTS×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=5,00020,000×100
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=CS×100
Example: CP=60100×100
Definition: The average consignment percentage is the typical portion of the sale price that consignors receive across various consignment shops.
Formula: ACP=CS×100
Example: ACP=50100×100
Definition: The percentage a consignment shop takes is the portion of the sale price that the shop retains as its fee.
Formula: PS=S−CS×100
Example: PS=100−60100×100
Definition: Consignment rates for sales refer to the agreed-upon percentage split between the consignor and the consignee.
Formula: CR=CS×100
Example: CR=70100×100
Definition: A sample consignment commission rate is an example of the percentage split between the consignor and consignee.
Formula: SCR=CS×100
Example: SCR=55100×100
Definition: A consignment sale pricing guide helps determine the appropriate sale price for items being consigned.
Formula: SP=C+(C×PS100)
Example: SP=60+(60×40100)