1) 1. A car dealer sells a car worth ₱950,000 and earns a 3% commission. The buyer pays in full. What type of commission is this? a) CASH BASIS b) INSTALLMENT BASIS 2) 1. A car dealer sells a car worth ₱950,000 and earns a 3% commission. The buyer pays in full. What formula do we use? a) COMMISSION =SALES x RATE b) Commission per Installment = (Sales × Rate) ÷ Number of Payments 3) 1. A car dealer sells a car worth ₱950,000 and earns a 3% commission. The buyer pays in full. What is the correct answer? a) Commission = ₱28,500 b) Commission = ₱20,200 4) 2.A jewelry agent sells a diamond necklace worth ₱120,000 at a 7% commission. The buyer pays in full. What type of commission is this? a) Cash Basis b) Installment Basis 5) 2.A jewelry agent sells a diamond necklace worth ₱120,000 at a 7% commission. The buyer pays in full. What formula do we use? a) COMMISSION =SALES x RATE b) Commission per Installment = (Sales × Rate) ÷ Number of Payments 6) 2.A jewelry agent sells a diamond necklace worth ₱120,000 at a 7% commission. The buyer pays in full. What is the answer?? a) ₱10,400. b) ₱8,400. 7) 3. A real estate agent sells a condominium unit worth ₱2,500,000 at a 2% commission. The buyer pays in full.What type of commission is this? a) Cash Basis b) Installment Basis 8) 3. A real estate agent sells a condominium unit worth ₱2,500,000 at a 2% commission. The buyer pays in full. What formula do we use? a) COMMISSION =SALES x RATE b) Commission per Installment = (Sales × Rate) ÷ Number of Payments 9) 3. A real estate agent sells a condominium unit worth ₱2,500,000 at a 2% commission. The buyer pays in full.What is the answer?? a) ₱50,000. b) ₱100,000 10) 4. A sales agent sells a refrigerator worth ₱30,000. The buyer agrees to pay in 3 equal monthly installments. The agent earns a 5% commission on each installment payment received ..What type of commission is this? a) Cash Basis b) Installment Basis 11) 4. A sales agent sells a refrigerator worth ₱30,000. The buyer agrees to pay in 3 equal monthly installments. The agent earns a 5% commission on each installment payment received ..What formula do we use? a) COMMISSION =SALES x RATE b) Commission per Installment = (Sales × Rate) ÷ Number of Payments 12) 4. A sales agent sells a refrigerator worth ₱30,000. The buyer agrees to pay in 3 equal monthly installments. The agent earns a 5% commission on each installment payment received ..What is the answer?? a) ₱500 b) ₱600 13) 5. A saleslady sells a ₱24,000 laptop. The buyer agrees to pay in 4 equal installments. The saleslady earns a 6% commission on every installment payment..What type of commission is this? a) Installment Basis b) Cash Basis 14) 5. A saleslady sells a ₱24,000 laptop. The buyer agrees to pay in 4 equal installments. The saleslady earns a 6% commission on every installment payment..What formula do we use? a) COMMISSION =SALES x RATE b) Commission per Installment = (Sales × Rate) ÷ Number of Payments 15) 5. A saleslady sells a ₱24,000 laptop. The buyer agrees to pay in 4 equal installments. The saleslady earns a 6% commission on every installment payment..What is the answer? a) ₱360 b) ₱310

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