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    Activity 6

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    Michael Bunyi
    1. A commission is a percentage of total sales paid to a salesperson. Straight commission pays only a percentage of sales. Salary plus commission provides a base salary plus a percentage of sales. Graduated commission provides different commission rates for different sales tiers. 2. Computing commissions on a cash basis pays commission only on amounts received, while commission on an installment basis pays on the full sale amount. Down payment is the initial amount paid, book balance is the remaining owed amount, and current increased balance includes any additional charges. 3. The problems provide examples of calculating weekly or monthly gross income for various commission structures based on salary, commission rate, sales amount, or number of contracts sold.

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    Activity 6

    Uploaded by

    Michael Bunyi
    3 views1 page
    1. A commission is a percentage of total sales paid to a salesperson. Straight commission pays only a percentage of sales. Salary plus commission provides a base salary plus a percentage of sales. Graduated commission provides different commission rates for different sales tiers. 2. Computing commissions on a cash basis pays commission only on amounts received, while commission on an installment basis pays on the full sale amount. Down payment is the initial amount paid, book balance is the remaining owed amount, and current increased balance includes any additional charges. 3. The problems provide examples of calculating weekly or monthly gross income for various commission structures based on salary, commission rate, sales amount, or number of contracts sold.

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    1. A commission is a percentage of total sales paid to a salesperson. Straight commission pays only a percentage of sales. Salary plus commission provides a base salary plus a percentage of sales. Graduated commission provides different commission rates for different sales tiers. 2. Computing commissions on a cash basis pays commission only on amounts received, while commission on an installment basis pays on the full sale amount. Down payment is the initial amount paid, book balance is the remaining owed amount, and current increased balance includes any additional charges. 3. The problems provide examples of calculating weekly or monthly gross income for various commission structures based on salary, commission rate, sales amount, or number of contracts sold.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    3 views1 page

    Activity 6

    Uploaded by

    Michael Bunyi
    1. A commission is a percentage of total sales paid to a salesperson. Straight commission pays only a percentage of sales. Salary plus commission provides a base salary plus a percentage of sales. Graduated commission provides different commission rates for different sales tiers. 2. Computing commissions on a cash basis pays commission only on amounts received, while commission on an installment basis pays on the full sale amount. Down payment is the initial amount paid, book balance is the remaining owed amount, and current increased balance includes any additional charges. 3. The problems provide examples of calculating weekly or monthly gross income for various commission structures based on salary, commission rate, sales amount, or number of contracts sold.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
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    ACTIVITY 6

    Answer the following.


    I.
    1. Define Commission
    2. Differentiate the following and give an example
    A. Straight Commission
    B. Salary Plus Commission
    C. Graduated Commission
    3. Give an example of each and define
    A. Computing Commissions on Cash Basis
    B. Commission on Installment Basis
    C. Down Payment
    D. Book Balance or Gross Balance
    E. Current Increased Balance
    II
    Solve the following problems. Don’t forget to show your complete solution.
    1. Sonny works as a furniture salesman and earns a base salary of ₱1,550 per week plus 6%
    commission on sales. What was Sonny’s weekly gross salary if his total sales were ₱57,000?
    2. Veronika works at Future Shop and earns ₱350 per hour plus 6% commission on sales.
    Last week Veronika worked 40 hours. What was Veronika’s weekly gross salary if her total
    sales were ₱25,000?
    3. William earns a straight commission as a real estate agent. Last month his total sales were
    ₱971,168.00. If William earns a 3% rate of commission, what was his gross income last
    month?
    4. Sophia earns straight commission selling cell phone contracts. Last month she sold 341
    cell phone contracts worth a total of ₱238,192.00. If Sophia earns a 5% rate of commission,
    what was her gross income last month?
    5. Brian is a salesman for a wholesale computer parts company. He earns straight
    commission at a rate of 4%. Last month his total sales were ₱382,968.00. What was his
    gross monthly income last month?

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