Raffy receives Php 12,000 a month corresponding to a sales of Php 20,000 worth of goods. Furthermore, he receives an additional 5% commission for all sales beyond his monthly quota but not greater than Php 40,000. An additional 6% commission is for sales beyond Php 10,000. If his sales is Php 65,000 for the month, how much is his salary for the month?
Raffy receives Php 12,000 a month corresponding to a sales of Php 20,000 worth of goods. Furthermore, he receives an additional 5% commission for all sales beyond his monthly quota but not greater than Php 40,000. An additional 6% commission is for sales beyond Php 10,000. If his sales is Php 65,000 for the month, how much is his salary for the month?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Raffy receives Php 12,000 a month corresponding to a sales of Php 20,000 worth of goods. Furthermore, he receives an additional 5% commission for all sales beyond his monthly quota but not greater than Php 40,000. An additional 6% commission is for sales beyond Php 10,000. If his sales is Php 65,000 for the month, how
much is his salary for the month?
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