HAN, MADARANG, NAVARRO, RAPES, TUDTUD
Comission
What is
Comission?
The
The Three
Three
Types
Types of
of
Comission
Comission
Straight
Straight
Comission
Comission
Type of commission wherein a
person only receives a percentage
of the sales without any additional
compensation.
Example
Tim agreed with his brother that
he would receive 6% commission
for every item he sells. Tim was
able to sell 3 bags which cost Php
6,500; Php 4,200; and Php 3,150
respectively. How much
commission was Tim able to
earn?
total amount= 6,500 + 4,200 +
3,150
total amount= Php 13,850.00
commission= Php 13,850 x 0.06
commission= Php 831.00
conclusion: Tim is bound to
receive Php 831.00 as his
commission.
Salary
Salary Plus
Plus
Comission
Comission
Type of commission wherein a person receives a
percentage of the sales plus his/her salary.
Jim made an agreement with his employer
that he would get his weekly salary of Php
13,000 and 2% commission for all the goods
he is able to sell. By the end of the week, Jim
sold 2 cellphones amounting to Php 26,500
each, a charger for Php 850, and 3 phone
cases for Php 200 each. How much did Jim
earn for the week?
total amount sold= (2 x 26,500) + 850 + (3 x 200)
total amount sold= Php 54,450
commission= Php 54,450 x 0.02
commission= Php 1,089
total amount earned= Php 13,000 + 1,089
total amount earned= Php 14,089.00
conclusion: By the end of the week, Jim will receive Php
14,089.00.
Graduated
Graduated
Comission
Comission
Type of commission wherein the
percentage received changes
depending on the amount of
goods/services sold.
Josh works in an
appliance store that uses
Example the graduated type of
commission. He receives
Example 1% commission for the
first Php 40,000 worth of
Example goods sold, and 3% for
anything above that. If he
makes Php 56,000 worth
of sales for the month,
how much would he
receives as commission?
commission= Php 40,000 x 0.01
commission= Php 400
commission= Php 56,000- 40,000
commission= Php 16,000 x 0.03
commission= Php 480
total commission= Php 400 + 480
total commission= Php 880.00
conclusion: Josh’s total commission is Php
880.00
Cash Basis VS.
Installment
Basis
Example
At JBF Appliances, higher priced items
such as televisions usually get paid on
installment basis over a span of 6
months. Bradd, an employee, was able
to sell 4 televisions amounting to Php
45,000 each. All transactions are payable
in 6 months with 6 equal installments at
2% interest for the term. Bradd gets 3%
commission on the first 2 months for
each of the 4 televisions. This
commission decreases by 0.4% after
every 2 months. How much is the total
commission that he receives?
actual amount= Php 45,000 x 1.02 5th month= Php 15,300 x 4 x 0.022
actual amount= Php 45,900.00 5th month= Php 1,346.40
monthly payment= Php 6th month= Php 7,650 x 4 x 0.022
monthly payment= Php 7,650.00 6th month= Php 673.20
1st month= Php 45,900 x 4 x 0.03 total commission= Php 5,508 + 4,590 +
1st month= Php 5,508 3,182.40 + 2,380.80 + 1,346.40 + 673.20
total commission= Php 17,680.80
2nd month= Php 38,250 x 4 x 0.03
2nd month= Php 4,590
3rd month= Php 30,600 x 4 x 0.026
3rd month= Php 3,182.40
4th month= Php 22,950 x 4 x 0.026
4th month= Php 2,380.80
Downpayments
Defined as the first payment someone
makes to commit into paying the rest of
the amount later.
Downpayment
Php 2,500,000.00 with 30% downpayment
3 years= 16% 5 years= 29%
Downpayment= Php 750,000.00
Balance= Php 1,750,000.00
Obtaining
This is the total amount of money in a bank
before making adjustments for uncleared
checks or deposits.
Php 127,000 + 13,000 = Php 140,000
Gross Balance
This refers to the
total amount one
Current needs to pay,
Increase including interest
from unpaid
Balance balance from a
loan not paid on
time.
22
Example
Example
Jay made a loan amounting to
Php 200,000. This is paid in the
span of 5 monthly payments, and
requires a 15% downpayment. If
he does not make the monthly
Downpayment= Php 200,000 x 0.15
payment on time, a 4% financing
Downpayment= Php 30,000
charge is added to the amount.
Balance= Php 200,000 - 30,000
Assuming Jay did not make the
Balance= Php 170,000
second month’s payment on
Monthly payment= Php 170,000/5 (pls make time, how much will his balance
fraction) be by the start of the third
Monthly payment= Php 34,000 month?
after first month= Php 170,000 - 34,000
after first month= Php 136,000
start of third month= Php 136,000 x 1.04
start of third month= Php 141,440
conclusion: Jay’s balance at the start of the
third month is Php 141,440.
Thank You
For Listening
