Sales Formula
Type: noun
Pronunciation: /saylz-for-myuh-luh/
Also spelled or known as: Sales Calculation Formula
Plural: Sales Formulas
Related: Royalty Formula, Net Sales
What does Sales Formula mean? A contractual method or mathematical calculation used to determine sales figures, pricing, royalties, commissions, profit participation, or other financial amounts.
Sales formulas are commonly defined within recording, publishing, licensing, merchandising, and distribution agreements.
Sales Formula synonyms: Sales Calculation Formula, Revenue Formula, Pricing Formula
Example sentence: “The royalty payment was determined using the contract’s sales formula.”
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