1. Sonny works as a furniture salesman and earns a base salary of P1,550 per week plus 6% commission on sales. What was Sonny's weekly gross salary if his total sales were P57,000?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question
4)
What's More
BC
Activity 1.1 Try this!
Solve the following problems. Write your answers on your notebook. Don't forget to
show your complete solution.
1. Sonny works as a furniture salesman and earns a base salary of P1,550 per week
plus 6% comnmission on sales. What was Sonny's weekly gross salary if his total sales
were P57,000?
2. Veronika works at Future Shop and earns P350 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 P25,000?
3. William earns straight commission as a real-estate agent. Last month his total sales
were P971,168.00. 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 P238,192.00. 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 P382,968.00. What was
his gross monthly income last month?
Activity 1.2 Try this!
Solve for the amount of commission. Don't forget to show your complete solution.
Write your answers on your notebook.
Complete the table:
Amount of Sales
Rate of Commission
Amount of Commission
(1)
to 0 0
(2)
5.5%
to 000
(3)
10%
11%
to 000
to 00i00
5)
Transcribed Image Text:4) What's More BC Activity 1.1 Try this! Solve the following problems. Write your answers on your notebook. Don't forget to show your complete solution. 1. Sonny works as a furniture salesman and earns a base salary of P1,550 per week plus 6% comnmission on sales. What was Sonny's weekly gross salary if his total sales were P57,000? 2. Veronika works at Future Shop and earns P350 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 P25,000? 3. William earns straight commission as a real-estate agent. Last month his total sales were P971,168.00. 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 P238,192.00. 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 P382,968.00. What was his gross monthly income last month? Activity 1.2 Try this! Solve for the amount of commission. Don't forget to show your complete solution. Write your answers on your notebook. Complete the table: Amount of Sales Rate of Commission Amount of Commission (1) to 0 0 (2) 5.5% to 000 (3) 10% 11% to 000 to 00i00 5)
4)
What's More
BC
Activity 1.1 Try this!
Solve the following problems. Write your answers on your notebook. Don't forget to
show your complete solution.
1. Sonny works as a furniture salesman and earns a base salary of P1,550 per week
plus 6% comnmission on sales. What was Sonny's weekly gross salary if his total sales
were P57,000?
2. Veronika works at Future Shop and earns P350 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 P25,000?
3. William earns straight commission as a real-estate agent. Last month his total sales
were P971,168.00. 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 P238,192.00. 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 P382,968.00. What was
his gross monthly income last month?
Activity 1.2 Try this!
Solve for the amount of commission. Don't forget to show your complete solution.
Write your answers on your notebook.
Complete the table:
Amount of Sales
Rate of Commission
Amount of Commission
(1)
to 0 0
(2)
5.5%
to 000
(3)
10%
11%
to 000
to 00i00
5)
Transcribed Image Text:4) What's More BC Activity 1.1 Try this! Solve the following problems. Write your answers on your notebook. Don't forget to show your complete solution. 1. Sonny works as a furniture salesman and earns a base salary of P1,550 per week plus 6% comnmission on sales. What was Sonny's weekly gross salary if his total sales were P57,000? 2. Veronika works at Future Shop and earns P350 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 P25,000? 3. William earns straight commission as a real-estate agent. Last month his total sales were P971,168.00. 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 P238,192.00. 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 P382,968.00. What was his gross monthly income last month? Activity 1.2 Try this! Solve for the amount of commission. Don't forget to show your complete solution. Write your answers on your notebook. Complete the table: Amount of Sales Rate of Commission Amount of Commission (1) to 0 0 (2) 5.5% to 000 (3) 10% 11% to 000 to 00i00 5)
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Determination of Tax Liability
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education