Odette sells a particular brand of laptop for Silicon Valley. The applicable commission rates are 5% for sales up to ₱200,000.00; 7% for the next ₱250,000.00; and 10% for sales beyond ₱300,000.00. How much will her commission be if her sales amount to the following: a. ₱150,000.00
Odette sells a particular brand of laptop for Silicon Valley. The applicable commission rates are 5% for sales up to ₱200,000.00; 7% for the next ₱250,000.00; and 10% for sales beyond ₱300,000.00. How much will her commission be if her sales amount to the following: a. ₱150,000.00
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
100%
Odette sells a particular brand of laptop for Silicon Valley. The applicable commission rates are 5% for sales up to ₱200,000.00; 7% for the next ₱250,000.00; and 10% for sales beyond ₱300,000.00. How much will her commission be if her sales amount to the following:
a. ₱150,000.00
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps with 2 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education