1. Gabriel works on a commission basis and receives 3.8% on his monthlysales for ST. Peter Life Plan without a base salary. What is his commissionduring a month when he sells 15 units of life plan worth P200,000 per unit?2. Evelyn sells OHP projectors for WSS Tech Products. She is on incrementalor graduated commission of 2.5% of sales up to P100,000, 3% for the nextP150,000 and 4% on the sales greater than P250,000. What is Evelyn's totalgross pay for the last month if her sales volume was P300,000?

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1. Gabriel works on a commission basis and receives 3.8% on his monthly sales for ST. Peter Life Plan without a base salary. What is his commission during a month when he sells 15 units of life plan worth P200,000 per unit?

1. Gabriel works on a commission basis and receives 3.8% on his monthly sales for ST. Peter Life Plan without a base salary. What is his commission during a month when he sells 15 units of life plan worth P200,000 per unit?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

1. Gabriel works on a commission basis and receives 3.8% on his monthly
sales for ST. Peter Life Plan without a base salary. What is his commission
during a month when he sells 15 units of life plan worth P200,000 per unit?
2. Evelyn sells OHP projectors for WSS Tech Products. She is on incremental
or graduated commission of 2.5% of sales up to P100,000, 3% for the next
P150,000 and 4% on the sales greater than P250,000. What is Evelyn's total
gross pay for the last month if her sales volume was P300,000?

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