Question

Henry is employed on a salary plus commission basis. His total earnings last month amounted to P9,500.00 of which P5,650 represented his basic monthly salary. If his total sales for the month amounted to P21,000.00, what percent commission did he receive?

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Answer 1

Answer:

find the principal amount (P) for the following cases.( a) r = 2.5 %, n = 2 years, I = 100. solution