The Consignment Percentage Calculator is a tool that calculates the share of the sale price retained by the consignor (the owner of the item) and the consignee (the seller or middleman). This calculation ensures transparency in consignment agreements, helping both parties understand their financial share. It is widely used in industries such as retail, art galleries, and consignment stores to determine earnings and commissions accurately.
Formula of Consignment Percentage Calculator
Define the Formula
The consignment percentage can be calculated for both the consignor and the consignee using these formulas:
Consignor Percentage (amount retained by the consignor):
Consignor Percentage = (Consignor Earnings / Sale Price) × 100
Consignee Percentage (amount retained by the consignee):
Consignee Percentage = (Consignee Fee / Sale Price) × 100
Where:
- Consignor Earnings = Sale Price – Consignee Fee
- Sale Price is the total selling price of the item.
- Consignee Fee is the fee or commission taken by the consignee.
Table of Common Consignment Percentages
| Sale Price ($) | Consignee Fee ($) | Consignor Earnings ($) | Consignor Percentage (%) | Consignee Percentage (%) |
|---|---|---|---|---|
| 100 | 20 | 80 | 80% | 20% |
| 200 | 50 | 150 | 75% | 25% |
| 500 | 100 | 400 | 80% | 20% |
| 1,000 | 300 | 700 | 70% | 30% |
Example of Consignment Percentage Calculator
Problem
A painting is sold for $500. The consignee charges a $125 fee. Calculate the consignor and consignee percentages.
Solution
- Calculate consignor earnings:
Consignor Earnings = Sale Price – Consignee Fee
Consignor Earnings = 500 – 125 = $375 - Calculate consignor percentage:
Consignor Percentage = (Consignor Earnings / Sale Price) × 100
Consignor Percentage = (375 / 500) × 100 = 75% - Calculate consignee percentage:
Consignee Percentage = (Consignee Fee / Sale Price) × 100
Consignee Percentage = (125 / 500) × 100 = 25%
Results
- Consignor Percentage: 75%
- Consignee Percentage: 25%
Most Common FAQs
The calculator helps consignors and consignees understand their respective earnings and fees, ensuring transparency in consignment agreements.
The consignor can negotiate lower consignee fees or increase the sale price to retain a higher percentage of the proceeds.
Yes, simply input the total sale price and total consignee fee for all items to calculate percentages for bulk consignments.