1. Peter is a broker who earns commission of 3 1% on all securities sales that he makes. Forthe past year, he closed sales totaling P928,867, Find the amount of commission heearned for the year.2. Roger is a Sales Engineer receiving a basic monthly compensation of P13, 500.00 andcommission on all sales of 1%. Compute for his gross earnings for the month if he soldP124, 580.00.3. Alex is a straight commision Salesman, He is given commission on the basis of thefollowing schedule:Monthly SalesLess 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. P75,800b. P49,900c. P151,200d. P123,5004. Moses is a Sales Representative receiving an annual salary of P130,000 plus commissionan all his sales above quota of P25,000 in accordance with the following schedule:First P30,000 above quota%Next P50,0001%Next P70,0002%Over P150,0003%Compute for his gross earnings if his sales for the month:a. P24,800b. P57,600c. P67,700d. P120,300

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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

Section: Chapter Questions

Problem 1PS

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