1. Peter is a broker who earns commission of 3 % on all securities sales that he makes. For the past year, he closed sales totaling P928,867. Find the amount of commission he earned for the year.

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
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1. Peter is a broker who earns commission of 3 1% on all securities sales that he makes. For
the past year, he closed sales totaling P928,867, Find the amount of commission he
earned for the year.
2. Roger is a Sales Engineer receiving a basic monthly compensation of P13, 500.00 and
commission on all sales of 1%. Compute for his gross earnings for the month if he sold
P124, 580.00.
3. Alex is a straight commision Salesman, He is given commission on the basis of the
following schedule:
Monthly Sales
Less than P50,00..
1%
P50,000-99,999.
2%
P100,000-149,999.
3%
P150,000 and above.
4%
Compute for his commission assuming his total sales is:
a. P75,800
b. P49,900
c. P151,200
d. P123,500
4. Moses is a Sales Representative receiving an annual salary of P130,000 plus commission
an all his sales above quota of P25,000 in accordance with the following schedule:
First P30,000 above quota
%
Next P50,000
1%
Next P70,000
2%
Over P150,000
3%
Compute for his gross earnings if his sales for the month:
a. P24,800
b. P57,600
c. P67,700
d. P120,300
Transcribed Image Text:1. Peter is a broker who earns commission of 3 1% on all securities sales that he makes. For the past year, he closed sales totaling P928,867, Find the amount of commission he earned for the year. 2. Roger is a Sales Engineer receiving a basic monthly compensation of P13, 500.00 and commission on all sales of 1%. Compute for his gross earnings for the month if he sold P124, 580.00. 3. Alex is a straight commision Salesman, He is given commission on the basis of the following schedule: Monthly Sales Less than P50,00.. 1% P50,000-99,999. 2% P100,000-149,999. 3% P150,000 and above. 4% Compute for his commission assuming his total sales is: a. P75,800 b. P49,900 c. P151,200 d. P123,500 4. Moses is a Sales Representative receiving an annual salary of P130,000 plus commission an all his sales above quota of P25,000 in accordance with the following schedule: First P30,000 above quota % Next P50,000 1% Next P70,000 2% Over P150,000 3% Compute for his gross earnings if his sales for the month: a. P24,800 b. P57,600 c. P67,700 d. P120,300
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