on installment basis, commission is computed on:\n a) total sales only\n b) down payment only\n c) payments…

on installment basis, commission is computed on:\n a) total sales only\n b) down payment only\n c) payments actually made\n d) company profit\n\na customer misses 2 monthly installments of p5,000 each, with 3% penalty. his arrears are:\n a) p10,000\n b) p10,300\n c) p9,700\n d) p11,000

on installment basis, commission is computed on:\n a) total sales only\n b) down payment only\n c) payments actually made\n d) company profit\n\na customer misses 2 monthly installments of p5,000 each, with 3% penalty. his arrears are:\n a) p10,000\n b) p10,300\n c) p9,700\n d) p11,000

Answer

Explanation:

Step1: Calculate total missed installments

$5000\times2 = 10000$

Step2: Calculate penalty amount

$10000\times 0.03=300$

Step3: Calculate arrears

$10000 + 300=10300$

Answer:

b) P10,300