The formula to calculate the Consignment Percentage (CP) is:
\[ CP = \frac{CS}{TS} \times 100 \]
Where:
Let's say the share of sales disbursed to consignors is $5,000 and the total sales amount is $20,000. Using the formula:
\[ CP = \frac{5,000}{20,000} \times 100 \]
We get:
\[ CP = 25 \% \]
So, the consignment percentage is 25%.