UN PANLAQUI IS A SALESMAN RECEIVING A SALARY OF P12,500.00 MONTHLY WITH 5% COMMISSION ON ALL HIS SALES. HIS SALES IN JUNE AMOUNTED P50,000.00, IN JULY P55,000.00 AND IN AUGUST P45,000.00. FIND HIS GROSS SALARY FOR THREE MONTHS. BELINDA, A SALESLADY IS PAID 10% COMMISSION ON THE FIRST P80,000.00 WORTH OF SALES, AND 12% OF ALL SALES IN EXCESS OF P80,000.00. LAST MONTH HER SALES AMOUNTED TO P150,000.00. FIND HER TOTAL COMMISSION.
UN PANLAQUI IS A SALESMAN RECEIVING A SALARY OF P12,500.00 MONTHLY WITH 5% COMMISSION ON ALL HIS SALES. HIS SALES IN JUNE AMOUNTED P50,000.00, IN JULY P55,000.00 AND IN AUGUST P45,000.00. FIND HIS GROSS SALARY FOR THREE MONTHS. BELINDA, A SALESLADY IS PAID 10% COMMISSION ON THE FIRST P80,000.00 WORTH OF SALES, AND 12% OF ALL SALES IN EXCESS OF P80,000.00. LAST MONTH HER SALES AMOUNTED TO P150,000.00. FIND HER TOTAL COMMISSION.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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JUN PANLAQUI IS A SALESMAN RECEIVING
A SALARY OF P12,500.00 MONTHLY WITH
5% COMMISSION ON ALL HIS SALES. HIS
SALES IN JUNE AMOUNTED P50,000.00, IN
JULY P55,000.00 AND IN AUGUST
P45,000.00. FIND HIS GROSS SALARY FOR
THREE MONTHS.
BELINDA, A SALESLADY IS PAID 10%
COMMISSION ON THE FIRST P80,000.00
WORTH OF SALES, AND 12% OF ALL SALES
IN EXCESS OF P80,000.00. LAST MONTH
HER SALES AMOUNTED TO P150,000.00.
FIND HER TOTAL COMMISSION.
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