Solving Problems Involving Interests and Commissions
Quiz by rodney necesito
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- Q1
Some managers or salespersons receive additional compensation or money to cover incidental expenses related to or in connection with the actual performance of their functions. It is called ________________________________.
Override
Benefits
Representation Allowance
Sales Commission
60s - Q2
Aaron, a real estate agent, receives a 5% commission on everything he sells. Ifhe sold a house a lot worth Php 1750000, how much is his commission?
Php 87 600
Php 87 500
Php 87 800
Php 87 700
60s - Q3
Vince earns a basic salary of Php 26 000 a month plus an 8% commission on his sales exceeding his quota of Php 55 000. If he made a total sales of Php 145 000 this month, find his gross earnings.
Php 33 200
Php 35 200
Php 26 000
Php 34 300
300s - Q4
Rowie makes money by receiving 20% commission on all her sales up to Php 130 000 and 22% on all her sales above Php 130 000 a month. How much did she sell if her gross earnings this month is Php 40 300?
Php 195 000
Php 215 000
Php 185 000
Php 205 000
300s - Q5
Willy receives a basic monthly salary of Php 19 000 plus commission on all his sales. If he sold Php 196 000 worth of items and received a salary of Php 37 620,what is his commission rate?
10%
9.5%
8.5%
9%
300s - Q6
6. Yvette earns Php 21000 basic monthly salary and a graduated commission based on sales exceeding her quota of Php 70 000, according to the following:
3% on first Php 30 000, 4% on next Php 30 000, 5% on sales above quota exceeding Php 60 000. How much is her first commission if she sold Php 154 000 worth of items for the past month?
Php 1 000
Php 1 100
Php 900
Php 1 200
300s - Q7
What is Yvette’s gross earnings last month based on the previous problem?
(Yvette earns Php 21 000 basic monthly salary and a graduated commission based on sales exceeding her quota of Php 70 000, according to the following:
3% on first Php 30 000, 4% on next Php 30 000, 5% on sales above quota exceeding Php 60 000.
Php 21 800
Php 6 800
Php 24 300
Php 7 700
300s - Q8
Kaye receives a basic salary of Php 18 500 plus a 14% commission on all sales beyond her monthly quota of Php 99 000. She also gets an additional 7% bonus commission on her sales beyond Php 149 000. If she sold products worth Php 189 000 this month, how much is her gross earnings?
Php 34 000
Php 32 700
Php 33 900
Php 33 800
300s - Q9
For the next two problems refer to the problem below.
The credit card company set a minimum payment requirement of 12% of the total amount due monthly. If the client decided to pay only the minimum amount due, a 3.8% financing charge will be applied every billing period. Carol, a cardholder, decided to pay only the minimum payment requirement of her total bill amounting to Php 63000 for the last 6 months. If no additional transaction will be added,
What is her minimum required payment at the beginning of the month?
Php 7560
Php 7660
Php 7460
Php 7760
300s - Q10
The credit card company set a minimum payment requirement of 12% of the total amount due monthly. If the client decided to pay only the minimum amount due, a 3.8% financing charge will be applied every billing period. Carol, a cardholder, decided to pay only the minimum payment requirement of her total bill amounting to Php 63000 for the last 6 months. If no additional transaction will be added,
What is her minimum required payment at the beginning of the month?
What is the current increased balance after paying the first minimum required payment?
Php 57446.72
Php 57246.72
Php 57346.72
Php 57546.72
300s