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Commission on fundraisers is a percentage of the total sales generated from a fundraiser that is paid to the organization or individual who organized the event. This commission is typically used as a way to incentivize and reward the efforts put into the fundraiser.
The commission on fundraisers is usually calculated by multiplying the total sales made during the event by the agreed upon percentage. For example, if the commission rate is 20% and the total sales were $1000, the commission earned would be $200.
The organization or individual who organized the fundraiser is typically eligible to receive commission. However, this may vary depending on the specific agreement made between the fundraiser organizer and the company.
The commission rate for fundraisers can vary depending on the company and the type of fundraiser. However, a typical commission rate can range from 10% to 30% of the total sales.
The commission on fundraisers is typically paid in the form of a check or direct deposit to the organization or individual who organized the fundraiser. The payment may be made immediately after the event or within a specified time frame agreed upon in the fundraiser contract.