Albert is a part-time real estate agent in Camilla Homes-Pagadian. For the month of April, he made a sale of P4,850,000 for two units of residential house and lot. He was given a fixed commission rate of 5% based on sale. He was employed at the same time as a Sales Operation Manager at Best Reach Sales Inc., where he is earning a monthly salary of P24,000 and given a 10% bonus if he exceeds his sales quota of P60,000 monthly. For this month, with maximum effort he sold P150,000 worth of their companies' merchandise. He is also given a certain percentage for every sale made by his subordinates which is 1% per excess of their sales quota of P50,000. His subordinates made the following sales for the period:
John
-P86,000
Mosh
Kyla
-P54,000
-P98,000
Francis
- P48,000
Requirements: Compute for the following.
1. Monthly salary
2. Straight Commission
3. Bonus Commission
4. Override Commission
5. Earnings for April
Comments
Leave a comment