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    BusinessMath Q2 WS W1

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    Rex Magdaluyo
    This document is a worksheet for an ABM 11 class on business math. It contains practice problems and instructions related to commissions, downpayments, balances, and amortization calculations. The worksheet provides an example to calculate commissions for various sales amounts and salaries. It also includes two word problems, one about calculating earnings with commissions and overrides, and another about finding the total interest on a 30-year mortgage. Key concepts covered are types of commissions, commission calculations, downpayments, balances, and mortgage amortization formulas.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    BusinessMath Q2 WS W1

    Uploaded by

    Rex Magdaluyo
    72 views1 page
    This document is a worksheet for an ABM 11 class on business math. It contains practice problems and instructions related to commissions, downpayments, balances, and amortization calculations. The worksheet provides an example to calculate commissions for various sales amounts and salaries. It also includes two word problems, one about calculating earnings with commissions and overrides, and another about finding the total interest on a 30-year mortgage. Key concepts covered are types of commissions, commission calculations, downpayments, balances, and mortgage amortization formulas.

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    This document is a worksheet for an ABM 11 class on business math. It contains practice problems and instructions related to commissions, downpayments, balances, and amortization calculations. The worksheet provides an example to calculate commissions for various sales amounts and salaries. It also includes two word problems, one about calculating earnings with commissions and overrides, and another about finding the total interest on a 30-year mortgage. Key concepts covered are types of commissions, commission calculations, downpayments, balances, and mortgage amortization formulas.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    72 views1 page

    BusinessMath Q2 WS W1

    Uploaded by

    Rex Magdaluyo
    This document is a worksheet for an ABM 11 class on business math. It contains practice problems and instructions related to commissions, downpayments, balances, and amortization calculations. The worksheet provides an example to calculate commissions for various sales amounts and salaries. It also includes two word problems, one about calculating earnings with commissions and overrides, and another about finding the total interest on a 30-year mortgage. Key concepts covered are types of commissions, commission calculations, downpayments, balances, and mortgage amortization formulas.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    R epublic of the P hilippines

    D epartment of E ducation
    N a t i o n a l C a pi t a l Re g i o n
    Sc h o o l s D i v i s i o n O f f i c e o f La s Pi ñ a s C i t y

    Name: __________________________________________ Date: ________________ Score: ___________

    Grade: ____________ Section: ________________ Teacher: _________________________________


    WORKSHEET IN ABM 11
    BUSINESS MATH
    Second Quarter
    Week 1

    MOST ESSENTIAL LEARNING COMPETENCY


    Illustrate the different types of commission. (ABM_BM11BS-IIa-11)
    Compute commissions on cash basis and commission on installment basis. (ABM_BM11BS-IIa-12)
    Compute downpayment, gross balance and current increased balance. (ABM_BM11BS-IIa-13)
    OBJECTIVE
    Define Straight Commission, Graduated Commission, and Salary Plus Commission
    Differentiate commissions on cash basis and commissions on installment basis.
    WHAT’S IN
    Direction: The table below shows the sales and salary of 6 employees working at Masagana
    Manufacturing Corporation. All salespersons are paid 2.5% commission on sales up to P30,000, 4%
    commission on sales from P30,000 to P60,000 and 5% on sales that exceed P60,000. some employees
    are paid monthly salaries in addition to commissions. Complete the table below and answer the questions
    that follow:
    SALESPERSON SALES SALARY GROSS PAY
    JOANA ₱45,000 0
    JULIE ₱30,000 ₱1,000
    JOLINA ₱55,000 ₱2,000
    GAIL ₱75,000 ₱500
    MARIE ₱50,000 ₱1,500
    SIMON ₱80,000 0
    a. How much is the total sales and gross pay?
    b. Who has the highest gross pay?
    c. Who has the lowest gross pay?
    WHAT’S NEW
    Activity 1: Solve the problem below.
    Peter is a product manager earning a semi-monthly salary of ₱5,500. He is given commission of
    2.5% on his own sales and an override of 0.5% on his men’s sales. His men are entitled to a 3.75%
    commission on their own sales and basic semi-monthly salary of ₱4,000. Peter and his men are given
    transportation allowance of ₱2,000 per month. Compute the gross earnings of Peter and each of his
    men.
    WHAT’S MORE
    Activity 2: Read and do what is asked.
    Emmanuel’s monthly mortgage payment is ₱707.84. Find the total interest . The amount financed is
    ₱112,000. Find the total interest on his 30-year mortgage.

    WHAT I HAVE LEARNED


    Straight Commission is when sales agent is paid a percentage of sales only. Graduated
    Commission may be increased if the agent’s level of sales also increase. Salary Plus Commission is
    when a person gets paid a salary and a percentage of his/her sales. Commission on Sales in
    Installment Basis are given based on collections. Downpayment is a type of payment made in the early
    stages of a purchase of an expensive good or service. Gross Balance is the total amount of money a bank
    has on deposit before adjusting for uncleared checks or deposits. Current Increased Balance is the trade
    balance plus the net amount received. Overrides. Products managers and sales or marketing managers
    earn overrides.
    Formula for Monthly Amortization:

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