Independent Assessment 11. An agent received a commission of 56,935 for selling a car worth of 965,000. Whatwas her rate of commission?MOITOSRO2. A pharmaceutical sales representative received a P22,500 worth of commission which isequivalent to 4.5% of her total sales. How much was the sales?3.Jill receives a 5% commission on the first P9,000 she sells and 6% of sales on the nextP20,000. If she sold P29, 000 worth of clothes last month, what was her total pay?4.Andrew sells watch products, he is on incremental commission schedule of 2.5% sales up toP30,000, 5% for the next P50,000 and 10% on the sales greater than P100,000. What wasAndrew/s total pay for last month if his sales volume was P300,000.

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Answered: 1. An agent received a commission of…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Mary is a sales person for Challenge Furniture. She receives an incremental commission based on the table below. If she sells $26,000 and has already received a draw of $766.15, how much commission is still owed to Mary? Level Sales volume Commission Rate 1 $0–11,700 3.1% 2 $11,700–21,200 4.1% 3 Over $21,200 4.7%
5. A sales manager has 30 representatives. She receives a commission of 20% from her own sales and 5% override. During the month of January, she made sales amounting to P70,000 and her representatives made P140,000. What were her total earnings? 6. Suppose the sales tax rate of Pagadian City is 7% of the purchase price. If the price of the digital camera is P 24,700, how much sales tax must be paid?
11. ALGEBRA Fatima Sheroud sells children's clothing for The Grasshopper Shoppe. She is paid weekly on a straight commission of 4% on sales of $5,000.00 or less and 5% on sales in excess of $5,000.00. One week Fatima had a gross pay of $594.50. What were her total sales for that week? nts reserved.
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29. A salesman gets P10,000 commission on a sale of a certain item. This amount raised his average commission by P1,100. If his new average commission is P4,500, what is his total commission? DES 8 Indo A. P31000 C. P25000 P27000 ar 68 8 jaal zit ni soyoni al 25m B. P29000 D. paibuloni (2x AVOY
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1. An agent received a commission of 56,935 for selling a car worth of 965,000. What was her rate of commission?