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    #Quiz No. 3: Business Mathematics - Commission

    Uploaded by

    Jophel Gatmaitan
    This document contains 5 questions about calculating commissions on sales. Questions 1-3 involve calculating the commission and total pay based on a given salary, commission rate, and total sales. Question 4 calculates the commission for a salesperson with $150,000 in sales under a tiered commission structure. Question 5 calculates the commission for a real estate agent based on a property's sale price using a tiered commission structure.

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    #Quiz No. 3: Business Mathematics - Commission

    Uploaded by

    Jophel Gatmaitan
    399 views1 page
    This document contains 5 questions about calculating commissions on sales. Questions 1-3 involve calculating the commission and total pay based on a given salary, commission rate, and total sales. Question 4 calculates the commission for a salesperson with $150,000 in sales under a tiered commission structure. Question 5 calculates the commission for a real estate agent based on a property's sale price using a tiered commission structure.

    Original Description:

    Short quiz for Commission

    Original Title

    Quiz Commission

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    This document contains 5 questions about calculating commissions on sales. Questions 1-3 involve calculating the commission and total pay based on a given salary, commission rate, and total sales. Question 4 calculates the commission for a salesperson with $150,000 in sales under a tiered commission structure. Question 5 calculates the commission for a real estate agent based on a property's sale price using a tiered commission structure.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    399 views1 page

    #Quiz No. 3: Business Mathematics - Commission

    Uploaded by

    Jophel Gatmaitan
    This document contains 5 questions about calculating commissions on sales. Questions 1-3 involve calculating the commission and total pay based on a given salary, commission rate, and total sales. Question 4 calculates the commission for a salesperson with $150,000 in sales under a tiered commission structure. Question 5 calculates the commission for a real estate agent based on a property's sale price using a tiered commission structure.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    #QUIZ NO.

    3: BUSINESS MATHEMATICS – COMMISSION

    1. In problems 1a to 1c, compute for both the commission and the total gross pay based on the
    information given.

    1a. Salary - ₱ 3 000; commission rate – 6%; total sales - ₱ 58 000

    1b. Salary - ₱ 2 500; commission rate – 5%; total sales - ₱ 91 000

    1c. Salary - ₱ 15 500; commission rate – 3.5%; total sales - ₱ 123 000

    2. A saleswoman is paid ₱ 2 000 weekly plus 2% of her sales above ₱ 3 000. If she sold ₱ 26 572 of
    the merchandise in a week, find her total gross pay.

    3. Ed is paid a 10% commission on sales above ₱ 75 000 and an hourly rate of ₱ 150 per hour. If his
    sales were ₱ 125 000 last week and he worked 40 hours, what were his gross wages?

    4. A company pays salespeople a commission of 4% on the first ₱ 20 000 of sales, 8% on sales over
    ₱ 20 000, and up to ₱ 40 000, and 10% commission on sales above ₱ 40 000. The highest-selling
    salesperson had ₱ 150 000 in sales. What commission did the salesperson earn?

    5. Kyle’s real estate agency pays her 1% commission on the first ₱ 500 000 of sale price, then 4%
    thereafter. How much commission would he receive on the sale of a property worth:

    5a. ₱ 510 000

    5b. ₱ 735 000

    5c. ₱ 1 000 000

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