He is given a commission on the basis of the following schedule: Monthly Sales: Less than P50,000 1% P50,000 − P99,999 2% P100,000 - P149,999 3% P150,000 and above 4% Compute for his commission assuming his total sales are: a) P75,800 b) P49,900 c) P151,200 d) P123,500

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Lease option

A lease option is a time and cost-saving option used by information technology (IT) companies that cannot afford large investments. By choosing to lease Software, a firm does not get its ownership directly. Instead, the firm has to pay a fixed cost for a certain period to use the Software, and after the lease period, the company can purchase the Software.