STRAND&SECTICACTIVITY/APPLICATIONRefer to the commission table for house sales below.Amount SalesCommissionPlusBetween P0 and2% of salesP80,000Between P80,000 and1.5% of amount overP140,000P80,000P1,600 (2% of P80,000)1.1% of amount overP2,500 (2% P80,000 +1.5% of P60,000)P140,001 and overP140,000Calculate the commission on each of the following sales.c. P145,000d. P600,000EABASTa.P76,000b.P122,500PART 5: QUIZZES/EVALUATIONInstructions: Answer the problem solving involving commissions.1.Irene sells furniture and is paid 6% of her total sales as commission. Her sales totaled to P17,945. How much is Irene's commission in a week?2.Diwata works with a commission rate of 5.5%. If she wants to earn P825 in commissions, find the total sales that she must make.Lito gets a weekly salary of P4,235 per week plus a commission of 5.5% on sales. What are his total earnings in a week in which his sales are the following?a.P1,000PRADE BP4,500TRANEb.C.P17,38400E OF3.

As P76000 <P80000 So % commission is applied here which is Commission at the sale of…

Refer to the commission table for house sales below. Amount Sales Commission Plus Between PO and 2% of sales P80,000 Between P80,000 and 1.5% of amount over P140,000 P1,600 (2% of P80,000) P80,000 1.1% of amount over P2,500 (2% P80,000 + 1.5% of P60,000) P140,001 and over P140,000

Refer to the commission table for house sales below. Amount Sales Commission Plus Between PO and 2% of sales P80,000 Between P80,000 and 1.5% of amount over P140,000 P1,600 (2% of P80,000) P80,000 1.1% of amount over P2,500 (2% P80,000 + 1.5% of P60,000) P140,001 and over P140,000

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Concept explainers

Cash Outflow

The term "cash flow" basically means the flow of money in and out of business. The cash flow usually takes place from operational, investing, and financing activities. The cash flow normally denotes the amount of cash that is transferred either into the business as positive cash flows or out of business as expenses with regards to operating, investing, and financing activities.

Question

STRAND&SECTIC
ACTIVITY/APPLICATION
Refer to the commission table for house sales below.
Amount Sales
Commission
Plus
Between P0 and
2% of sales
P80,000
Between P80,000 and
1.5% of amount over
P140,000
P80,000
P1,600 (2% of P80,000)
1.1% of amount over
P2,500 (2% P80,000 +
1.5% of P60,000)
P140,001 and over
P140,000
Calculate the commission on each of the following sales.
c. P145,000
d. P600,000
EA
BAST
a.
P76,000
b.
P122,500
PART 5: QUIZZES/EVALUATION
Instructions: Answer the problem solving involving commissions.
1.
Irene sells furniture and is paid 6% of her total sales as commission. Her sales totaled to P17,945. How much is Irene's commission in a week?
2.
Diwata works with a commission rate of 5.5%. If she wants to earn P825 in commissions, find the total sales that she must make.
Lito gets a weekly salary of P4,235 per week plus a commission of 5.5% on sales. What are his total earnings in a week in which his sales are the following?
a.
P1,000
PRADE B
P4,500
TRANE
b.
C.
P17,384
00
E OF
3.

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Step 1 Commission at sale of P76000

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Step 2 b.Commission at sale of P122500

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Step 4 D.Commission at sale of P600,000

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