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SUMMATIVE M2Q2 Solving Problems Involving Interests and Commissions
Quiz by rodney necesito
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20 questions
Q.Aside from the basic salary and sales that the product or sales managers make, they also receive a commission on the sales of someone else called ____________.
1
30 sec
Q.2. Every time the credit card holder pays only the minimum required payment, the credit card company gives _______________________ charge.
2
30 sec
Q.Aldrin is a car salesman who earns a 3% commission on sales. If he sold a sports utility vehicle for Php 1 800 000, how much commission will he earn?
3
300 sec
Q.Weng’s goal for this month is to receive a gross earning of Php 27 000. If she only gets a 15%commission on selling furniture, how much must she sell to achieve her goal?
4
300 sec
Q.Jayson receives a monthly salary of Php 12 000 plus an 8% commission on everything he sells. If he received a salary of Php 18 500, how much is his total sales?
5
300 sec
Q.Micko receives a basic monthly salary of Php 11 000 plus commission on all his sales. If he sold Php 123 000 worth of items and received a salary of Php 26 744, what is the percent of his commission?
6
300 sec
Q.Anna is paid a monthly salary of 9 200. She also receives an 8% commission on sales beyond her quota of Php 95 000. She is also entitled to a 5% bonus on top of her normal commission rate for sales beyond Php 130 000. If Anna sold Php 330 000 worth of items this month, how much is the bonus she received?
7
300 sec
Q.Anna is paid a monthly salary of 9 200. She also receives an 8%commission on sales beyond her quota of Php 95 000. She is also entitled to a5% bonus on top of her normal commission rate for sales beyond Php 130 000. IfAnna sold Php 330 000 worth of items this month How much is the total salary of Anna ?
8
300 sec
Q.Lei earns her salary through graduated commission based on sales, according to thefollowing: 7%on first Php 30 000, 9% on next Php30 000, 11% on sales above Php 60 000. She also receives a transportation and representation allowances of Php 5 000. If she sold items worth Php 187 000 for this month, how much is her second commission?
9
300 sec
Q..Lei earns her salary through graduated commission based on sales, according to the following: 7%on first Php 30 000, 9% on next Php 30 000, 11% on sales above Php 60 000 She also receives a transportation and representation allowances of Php 5 000. If she sold items worth Php 187 000 for this month. What is Lei’s gross earnings this month ?
10
300 sec
Q.During midnight sale, Ruth sold various cellphone units worth Php 154 000, payable in 6 equal monthly installments. In the first month, she earns a 5% commission but decreases by 0.45% in the succeeding months. What is her monthly installment payments?
11
300 sec
Q.During midnight sale, Ruth sold various cellphone units worth Php 154 000, payable in 6 equal monthly installments. In the first month, she earns a 5% commission but decreases by 0.45% in the succeeding months. How much commission will Ruth receive in the first month?
12
300 sec
Q.During midnight sale, Ruth sold various cellphone units worth Php 154 000, payable in 6 equal monthly installments. In the first month, she earns a 5% commission but decreases by 0.45% in the succeeding months. What is Ruth’s commission on the second month?
13
300 sec
Q.Mr.de Villa was promoted to sales manager, and because of that, he now receives amonthly salary of Php 25 000, 6% commission on his sales, and an override of 1%on his agents’ total sales. Assuming his total sales is Php196 000, while hisagents' total sales is Php 996 000, how much are his commission and hisoverride?
14
300 sec
Q.Mr. de Villa was promoted to sales manager, and because of that, he now receives a monthly salary of Php 25 000, 6% commission on his sales, and an override of 1% on his agents’ total sales. Assuming his total sales is Php 196 000,while his agents' total sales is Php 996 000, What is his total earnings based on item number 14?
15
300 sec
Q.As a product manager, Ms.Ruiz earns monthly basic salary of Php 22 000, 5% commission on her sales, 1%override on sales agents, and a transportation /representation allowance of Php 2 000. For the current month, her total sales is Php 155 000 while her sales agents made total sales of Php 1 250 000. What is her total commission and override on her agents for the current month?
16
300 sec
Q.As a product manager, Ms.Ruiz earns monthly basic salary of Php 22 000, 5% commission on her sales, 1%override on sales agents, and a transportation /representation allowance of Php 2 000. For the current month, her total sales is Php 155 000 while her sales agents made total sales of Php 1 250 000. What is Ms. Ruiz’s gross earnings for the current month?
17
300 sec
Q.Your mother purchased a 50” smart television set worth Php 23 500 using her credit card, which requires a minimum payment of 9% of the total amount due monthly. If she decided to pay only the minimum amount due for the next three months (assuming no other transaction will be added), a 3.5%financing charge will be applied every billing period. What is her minimum required payment at the beginning of the month?
18
300 sec
Q.Your mother purchased a 50” smart television set worth Php 23 500 using her credit card, which requires a minimum payment of 9% of the total amount due monthly. If she decided to pay only the minimum amount due for the next three months (assuming no other transaction will be added), a 3.5%financing charge will be applied every billing period. What is the current increased balance after paying the beginning minimum required payment?
19
300 sec
Q.Your mother purchased a 50” smart television set worth Php 23 500 using her credit card, which requires a minimum payment of 9% of the total amount due monthly. If she decided to pay only the minimum amount due for the next three months (assuming no other transaction will be added), a 3.5%financing charge will be applied every billing period. What is the next minimum payment requirement?
20
300 sec