The formula to calculate the gross commission income (GCI) is:
\[ \text{GCI} = \text{S} \times \frac{\text{CR}}{100} \]
Where:
Gross Commission Income (GCI) is the total income earned from commissions on sales. It is calculated by multiplying the total sales by the commission rate. This metric is commonly used in sales and real estate industries to determine the earnings from sales activities.
Let's assume the following values:
Using the formula to calculate the gross commission income (GCI):
\[ \text{GCI} = \text{S} \times \frac{\text{CR}}{100} = 100,000 \times \frac{5}{100} = 100,000 \times 0.05 = 5,000 \text{ dollars} \]
The gross commission income (GCI) is $5,000.
