How It Works
- The target gross profit (GP) of any item sold is 37.5%
- Any profit above 37.5% is divided between Viking Industrial and the Sales Rep equally, and paid as a commission.
- It is important to note for the purpose of the payslip that commission will be displayed on, that 10% of the total commission payable is paid into your superannuation account. You will then be taxed at the appropriate tax rate within the fortnight that the commission is payable within.
- Commission payments are processed once the customer has paid their invoice in full.
Example
Item cost is $100.
Minimum sale price is $137.50 (37.5% GP)
Sales Rep sells item for $167.50 ($30 profit after target)
Viking Industrial receives $15 and Sales Rep receives $15 (Before Super and Tax)
Process
Fill out Commission Form PDF
Submit the form along with your Quote and upload with the Purchase Order Google Form
Link to submit Commission form