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Just a quick one that's baffling me slightly!
We have a commision in place which is based on the total value of stock expiring divided by total purchases for that month. This is paid quarterly and is based on a specific quarterly target.
My partner has based it by getting an average of the percentage each month, e.g. Apr (€14,643 / €508,537) = 2.9%, May (€4,535 / €561,735) = 0.8% Jun (€6,072 / €780,033) = 0.8% and the average is (2.9%+0.8%+0.8%)/3 = 1.49%.
However, as the target is Quarterly and not Monthly, I think it should be based on a total for the quarter, which in this case would be €25,250 / €1,850,305 = 1.36%.
Can anyone throw any light on why the figures are so different? I know it's probably completely obvious but I don't want to point out any issue without knowing all the facts first.