rate of commission?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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B. Types of Commission (Kindly identify the type of commission the given
problem is under)
1. A clerk sold Php 3 500 in merchandise in 1 week. If he received a commission
of Php 140, what was the rate of commission?
2. Irene sells furniture and is paid 6% of her sales as commission. Her sales
totaled Php 17 945. How much is Irene's commission in a week?
3. DK is a real estate agent, and he earns a 3% commission on each home sale. If
he sells a home for Php 2 550 000, how much does he earn in commission?
Transcribed Image Text:B. Types of Commission (Kindly identify the type of commission the given problem is under) 1. A clerk sold Php 3 500 in merchandise in 1 week. If he received a commission of Php 140, what was the rate of commission? 2. Irene sells furniture and is paid 6% of her sales as commission. Her sales totaled Php 17 945. How much is Irene's commission in a week? 3. DK is a real estate agent, and he earns a 3% commission on each home sale. If he sells a home for Php 2 550 000, how much does he earn in commission?
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