1. A sales agent receives 15% commission on all products that he sells. If the sales agent sold P230,450 worth of products this month, what was his total commission for the month. 2. Lawrence gets a base monthly salary of P14,500. As a sales agent, he must sell P75,000 worth of items per month. He also makes a 7.5% commission on all sales beyond the monthly quota. If Lawrence sold P140,000 worth of items this month, what is his total salary for the month including base and commission? 3. A real estate agent gets P11,000 basic salary per month plus some money by commission rates. If she gets 2.5% commission on the properties that she sells, find her total salary for the given month when she sold P1,200,000 worth of property?
1. A sales agent receives 15% commission on all products that he sells. If the sales agent sold P230,450 worth of products this month, what was his total commission for the month. 2. Lawrence gets a base monthly salary of P14,500. As a sales agent, he must sell P75,000 worth of items per month. He also makes a 7.5% commission on all sales beyond the monthly quota. If Lawrence sold P140,000 worth of items this month, what is his total salary for the month including base and commission? 3. A real estate agent gets P11,000 basic salary per month plus some money by commission rates. If she gets 2.5% commission on the properties that she sells, find her total salary for the given month when she sold P1,200,000 worth of property?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:III.
Commission
Analyze and solve the following problem.
1. A sales agent receives 15% commission on all products that he sells. If the sales agent sold
P230,450 worth of products this month, what was his total commission for the month.
2. Lawrence gets a base monthly salary of P14,500. As a sales agent, he must sell P75,000
worth of items per month. He also makes a 7.5% commission on all sales beyond the monthly
quota. If Lawrence sold P140,000 worth of items this month, what is his total salary for the
month including base and commission?
3. A real estate agent gets P11,000 basic salary per month plus some money by commission
rates. If she gets 2.5% commission on the properties that she sells, find her total salary for the
given month when she sold P1,200,000 worth of property?
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