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Instructions: Identify the following. Be as specific as possible, and include names, dates, and relevant facts as appropriate. Be sure to explain the significance of the person or term.
William Pitt
Net Proceeds
The amount of money received from a transaction after all costs and expenses have been paid.
Commission
A fee paid for services, usually a percentage of the total transaction, often used as a compensation method in sales and services industries.
Merchandise
Goods or products that are bought and sold in business.
Commission
A fee paid for services, usually a percentage of the total cost, to an agent or employee for facilitating a sale or other transaction.
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