07 Abm 11 Pasay Busmath q2 w1

Module Code: Pasay-BM11-Q2 –W1-D1
Name: ____________________________________________________ Track/Strand:

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Teacher: ___________________________________________________ Grade Level:
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DEPARTMENT OF EDUCATION - NATIONAL CAPITAL REGION

SCHOOLS DIVISION OF PASAY CITY
MODULE IN BUSINESS MATHEMATICS

Second Quarter/ Week 1/ Day 1
OBJECTIVE: Illustrates the different types of commissions.
YOUR LESSON FOR TODAY:
Different Types of Commissions
TRY TO DISCOVER!
Commission is a way of compensation mainly used to pay who sell company’s

commodities or services. A person or a firm that represents a company to transact
business for another is an agent or also called commission merchant (or broker). Types
of commission
1. Straight commission 4. Commission and bonus
2. Incremental commission 5. Commission and
override
3. Salary with commission
Straight commission is type of commission wherein the salesperson’s earning or wage

is based on his/her commission alone. Formula:
Commission = Commission Rate X Amount of Sales
𝐶𝑜𝑚𝑚𝑖𝑠𝑠𝑖𝑜𝑛
𝐴𝑚𝑜𝑢𝑛𝑡 𝑜𝑓 𝑆𝑎𝑙𝑒𝑠 =
𝐶𝑜𝑚𝑚𝑖𝑠𝑠𝑖𝑜𝑛 𝑅𝑎𝑡𝑒
𝐶𝑜𝑚𝑚𝑖𝑠𝑠𝑖𝑜𝑛
𝐶𝑜𝑚𝑚𝑖𝑠𝑠𝑖𝑜𝑛 𝑅𝑎𝑡𝑒 =
𝐴𝑚𝑜𝑢𝑛𝑡 𝑜𝑓 𝑆𝑎𝑙𝑒𝑠
Formula:
Level pay = sales per level X Commission Rate
1. Salary plus Commission is a when employee is being paid a guaranteed salary

plus a commission on total sales made by the employee. To compute for the total
gross pay, determine the amount of commission then add it to the salary.
2. Commission and bonus is when a salesperson is given a bonus if he/she exceeds

his/her sales quota. In cases that the sales do not exceed the prescribed quota by
the company, the salesperson will not receive any bonus.
3. Commission with Override is when a salesperson earns commission on his/her

own sales and also earns commission from the sales of his/her representatives.
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Incremental Commission is a commission given to salespersons who do not receive a

regular salary and commission rate increases as the sales volume increases. Incremental
commission has a greater incentive method of compensation than straight commission
whereby higher levels of sales earn increasing rates of commission.
Straight commission Example:
Receiving percentage commission like the sales agent sell a lot and received 5%
commission from the total cost of lot.
Incremental commission
Example: The supervisor of different sales agent received percentage commission each
agent plus his/her commission.
Salary with commission
Example: Sales agent of Toyota or other luxury car sales agent received monthly salary
then addition commission received after selling a car.
Commission and bonus
Example: Leonora Bautista receives a basic salary Php13,750 a month. She also receives
a bonus of 5% of the amount by which she goes beyond her quota of 75,000. For the
month of September, her sales amounted to Php128,000.
Commission with override
Example: Teresa a sales supervisor receiving commission on her sales and addition
commission for 12 sales representatives and received percentage commission override
on all their sales.
ARE YOU READY TO PRACTICE EXERCISES 1?
Before you proceed to the Practice Exercises 1, you should tick the box below:
I understand the meaning and the
different type of commissions, and I
Good Job! You may can proceed to the practice
begin the PRACTICE
exercises.
EXERCISES.
I should go back to the lesson and
study it again.
Identify the commission types which is suitable for the problem below.
1. A real estate agent has a commission rate of 4%. If a piece of property sells for
Php740,000, what is his commission?
2. If a commission on the sale of Php16,950 worth of clothes is Php1,271.25, what is

the commission rate?
3. JD dela Cruz an agent, sold a 350sq.m. lot for php1,050,000. If his commission
was 5%, how much did he earn?
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4. Teresita Ocampo receives a 6% commission on her sales. She supervises 12

sales representatives and receives a 2.5% override on all their sales. The representatives
made sales of php 48,300 and she made sales of php 9,400 what were her earnings?
5. Emila Cabanero works on pay schedule of Php21,300 per month plus a 3%

commission on all Sales. If she sold Php104,900 last months, what is Emila’s total gross
pay?
I understand the meaning of different
type of commissions, and I can
Good Job! You may proceed to the practice exercises.
begin the PRACTICE I should go back to the lesson and
EXERCISES. study it again.
Match column A with column B.
COLUMN A COLUMN B
1. when a salesperson is being paid
in advance of sales and later A. Salary plus Commission
deducted from the commission
earned. It is a way for a company
to provide its salespeople with at
least some income during lean
periods of sales.
2. when a salesperson earns B. Commission with
commission on his/her own sales Override
and also earns commission from
the sales of his/her
representatives.
3. when employee is being paid a C. Straight commission
guaranteed salary plus a
commission on total sales
made by the employee.
4. when a salesperson is given a D. Draw Against Commission
bonus if he/she exceeds his/her
sales quota.
5. wherein the salesperson’s earning E. Commission and bonus
or wage is based on his/her
commission alone.
Learning Summary:
Commission is a way of compensation mainly used to pay who sell company’s
commodities or services.
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I understand the different types of
Good Job! You may

begin the PRACTICE
EXERCISES.
/commission, and I can proceed to the practice exercises.

I should go back to the lesson and study it again .
PRACTICE EXERCISES 3:
Answer the question.
How do commissions work?

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For further understanding, read and answer the following questions.
1. Which of the item in Practice Exercises 3 seem to be most difficult? Explain.

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2. In your own words, what would be the mathematical procedures in obtaining the
compound interest rate?
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Evaluation:
Multiple choice. Choose the letter of the correct answer.
1. What type of commission is described that a salesman has a fixed salary and
commission?
a. Straight commission
b. Salary plus commission
c. Graduated commission
d. Override commission
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2. Which term fits the description, “as the sales volume increases, the rate of commission
also increases”?
3. What type of commission is earned from the sales of the representatives?

4. What commission that refers to “a bonus is given to a salesman because he exceeds

his sales quota”?
b. Salary plus bonus
5. What commission is being described, “The salesman’s earnings are based on his
commission alone”?
In this module, what essential learnings have you gained to put into action?
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Prepared by: ROGER D. PAGDATO

PASAY CITY SOUTH HIGH SCHOOL
References for further enhancement:
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Textbook: Business mathematics page 135 to 142 by: Winston Sirug

Textbook: Business mathematics page 134 to 136 by: lorina salamat
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OBJECTIVE: Computes commission on cash basis.
COMMISSION
TRY TO DISCOVER!
You resigned from your job out of boredom and took a new job as a sales representative.
Believing that you will enjoy more in this new job, you didn’t really mind what you will get. The
following are the options offered to you:
a. Your pay would be through straight commission basis.
b. You get a fixed base salary plus a commission.
c. You get paid through graduated commission.
d. You get paid on commission by installment basis. Which mode of compensation would
you take?
ATTEMPT THE ABOVE ACTIVITY BEFORE PROCEEDING

Now! Let’s start how we define commission!
A commission is a fee that a business pays to a salesperson (agent) in exchange for
his services in either facilitating, supervising, or completing a sale. The commission may be
based on a flat arrangement or as a percentage of the revenue generated by a salesperson.
In other words, commission is a form of payment to an individual such as agent for services
rendered in a transaction or business deals.
How do we compute commission on cash basis?

In computing commission on cash basis is similar with straight commission. Straight
commission is a commission based on a percentage of sales only. It is a very profitable if
you are selling highticket items.
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Example 1:
Mike receives 10% commission on the appliances he sells. If he sells a 42” TV for Php
Modulein
12,000, how much does Mike make in commission Code: Pasay-BM11-Q2 –W1-D2
5 items?
Solution: Php 12, 000 (5) = Php 60 000
Step 1: We begin by determining the total
sales.
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Step 2: Compute
Teacher: the 10% commissions. 10% Commissions = P 60 000Grade
___________________________________________________ x Level:
Commissions = Total Sales x Rate of (0.10)
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Commission = Php 6, 000
Step 3:Conclusion. As a result, Mike make in commission
in 5 items of P 6, 000.
Now, what if you have different items sale in a day, how will you compute
the commission on cash basis?
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Correct!
You need to get the sum or the total sales of the different items. Then, compute
the commission on cash basis using the formula of commission on cash basis.
For Your
Enrichment!
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Straight Commission also called revenue
commission.
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ARE YOU READY TO PRACTICE
EXERCISES? 1
Before you proceed Practice
to the ercises
Ex 1, you should tick the box below:
Good Job! You may I am excited proceed
to to
practice exercises
1.
nowhave PRACTICE I should read again
and understandabout
commission
.
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EXERCISES1.
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1!
Let’s have PRACTICE EXERCISES
BUDDY SYSTEM! Compute the commission on cash basis using the given matrix.
You work at CDE appliances. You write your sales and its commission rate in the given
table. At the end of the week, you want to know your commission per day.
Let’s have PRACTICE EXERCISES 2!

Complete the table (in peso). Show your complete solution in the space provided.
1. Johnny makes money by commission rates. He gets 15% of everything he

sells for a week. If he sold Php 240,000 worth of items in a week, what is his
commission for the week?
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2. Jho sold Php 300, 000 for the appliances with a 20% commission. What is her
total commission for the appliances?
3. If Lito has a commission rate of 0.5% in every house sold worth Php 980, 000,
how much he earned in selling a house?
4. What is your total commission if you sold a Php 152,000 with a 5%

commission in one transaction?
5. A sales agent receives a 3% commission in selling a condominium worth Php

3.2M. How much is the commission he will get?
For further understanding about commission on cash basis, what will you
consider in selling a property or any real estate property?
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It’s awesome because I finished the task independently.
Very Good! Let’s have I should read again and understand about commission
PRACTICE EXERCISES on cash basis.
LEARNING SUMMARY
A commission is a fee that a business pays to a salesperson (agent) in exchange for
his services in either facilitating, supervising, or completing a sale. In computing
commission on cash basis is similar with straight commission. Straight
commission is a commission based on a percentage of sales only.
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a. Milo was hired as a sales agent in a company with a 20% commission on the items he
sells.
Appliances Total Solution
Contract
Price
Refrigerator 15,000
Television 1, 349,938
Air condition 121,000
How much is his total

commissions?
b. A sales agent in a realty company with a 3% commission on the property he sells.
Property Total Solution

Contract
Price
Alyanna 899, 000
Elysse 1,245, 000
Charles 3, 400, 000
How much is his total

commissions?
ARE YOU READY FOR EVALUATION?

Before you proceed to the Evaluation, you should tick the box below:
I feel great because I finished the task independently.
Great! Let’s have I should read again and understand about commission on
EVALUATION. cash basis.
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EVALUATION
Read and understand each situation. Solve the commission on cash basis.
1. If Lyn has a commission rate of 1.5% in every house sold worth Php 670, 000,
how much she earned in selling a house?
2. A sales agent has a commission rate of 12% in every property sold worth Php
980, 000, Php 570, 000, and Php 1,250, 000. How much is the total
commission earned by the sales agent?
3. Liam sells 10 pieces of laptop worth Php 42, 000. How much is his total
commission if he has a 7% commission rate?
4. Milo hired as a sales agent in a company with a 20% commission on the items
he sells.
ITEMS Total Solution
Contract
Price
SUV 135, 000
50” FLAT 349,938

Television
Laptop 79,000
Total
Commissions
In this module, what did you like most, and why?

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Prepared by: RODRIGO J. GLORIANA

PASAY CITY NORTH HIGH SCHOOL – TRAMO
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References for further enhancement Dayrit, B.C and Ymas, S. E. (2012). “Business
Mathematics with Recreational Mathematics”. Sta. Monica Printing Corporation; Sampaloc
Manila.
Online Link:
https://www.youtube.com/watch?v=WnHVSWlRpbM
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DEPARTMENT OF EDUCATION - NATIONAL CAPITAL

REGION SCHOOLS DIVISION OF PASAY CITY

OBJECTIVES: Computes commissions on instalment basis.
YOUR LESSON FOR TODAY: Compute commissions on installment basis
TRY TO DISCOVER!
What is Commission?
• It is a payment given to employees based on the sales they make
What is Commission per installment basis

• It is a payment given to employees based on the monthly amortization of the client on
a specific product or service
The applicable formula for Commission per Installment Basis (CIB)
CIB= Commission Rate X Monthly Amortization
Example:
Jason was able to sell a Yamaha motorcycle for a Php 120,000. The monthly amortization for the
said motorcycle is Php 10,000 for one year. The Commission of Jason for every month is 2%.
What would be his commission per month?
Given:
Price of the Motorcycle= Php 120,000
Monthly Amortization= Php 10,000
Commission Rate of Jason= 2%
Solution:
Commission per Installment Basis(CIB) = 2% X Php 10,000
= 10,000 X 0.02
= Php 200
The Commission Rate of Jason per month is Php 200
When there’s a special case the applicable formula would now be
CIB= (Commission Rate-Commission Conditional Rate) X Monthly Amortization

Example
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At Samsung Gadget Store, some items are paid on installment basis through credit cards.
Mike was able to sell 10 cell phones costing PhP18,000 each. Each transaction is payable in
6 months equally divided into 6 equal installments without interest. Mike gets 2% commission
on the first month for each of the 10 cell phones. Commission decreases by 0.030% every
month thereafter and computed on the outstanding balance for the month. How much
commission does Mike receive on the first month? On the second month? On the third
month? On the fourth month? On the fifth month? On the sixth month? At the end of
installment period, how much will be his total commission?
Given
Price of the Cellphone: Php 18,000
Commission Rate 2%
Conditions:
• For Mike to get a 2% of commission, he should sell at least 10 cellphones
• Commission Rate will decrease by 0.30% every month
Solution:
1st month commission: PhP18,000/cellphone x 10 cellphones x 0.02 = PhP3,600
2nd month commission: PhP15,000/cellphone x 10 cellphones x (0.02 – 0.003) = PhP2,550
3rd month commission: PhP 12,000/cellphone x 10 cellphones x (0.017 – 0.003) = PhP1,680
4th month commission: PhP 9,000/cellphone x 10 cellphones x (0.014 – 0 .003) = PhP990
5th month commission: PhP 6,000/cellphones x 10 cellphones x (0.011 – 0.003) = PhP480
6th month commission: PhP3,000/cellphone x 10 cellphones x (0.008 – 0.003) = PhP150
His total commission for six months is PhP9,450.
I learn how to compute for
commmission per installment basis, and
Good Job! You may I can proceed to the practice exercises.
begin the PRACTICE I should go back to the lesson and study it
EXERCISES.
again. Let us have PRACTICE EXERCISES
1!
Complete the Table

Monthly Amortization for Commission Rate Commission per month
12 months
1. Php 5,000 5%
2. Php 150,000 4%
3. Php 102,653 3%
4. Php 89,561 2%
5. Php 883.87 1%
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I learn how to compute for commmission per
installment basis, and I can proceed to the
Good Job! You may practice exercises., and I can proceed to the
begin the PRACTICE practice exercises 2.
EXERCISES.
I should go back to the lesson and study
it again.
Complete the Table

12 months
1. Php 25,000 7%
2. Php 151,077 14%
3. Php 122,653 13%
4. Php 189,561 12%
5. Php 1,883.87 3%
6. Php 3,547 2%
7. Php 100,000 11%
8. Php 43,000 8%
9. Php 500 0.10%
10. Php 20,000 5%
Learning Summary:
Commission is a payment given to employees based on the sales they make
Commission per installment basis is a payment given to employees based on the monthly
amortization of the client on a specific product or service
CIB= Commission Rate X Monthly Amortization
CIB= (Commission Rate-Commission Conditional Rate) X Monthly Amortization
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I learn how to compute for commmission per
Good Job! You may

begin the PRACTICE
EXERCISES.
installment basis, and I can proceed to the practice exercises.and I can proceed to
the practice exercises 3.
I should go back to the lesson and study it again.
Word Problem
1. Alex was able to sell a House and lot for a Php 1,200,000. The monthly amortization
for the said house & lit is Php 20,000 for 5 years. The Commission of Mr. Alex for every
month is 10%. Commission decreases by 0.040% every month thereafter and computed on
the outstanding balance for the month. What would be his commission on the first month?
10th month? 37th Month and 42nd month?
2. Jed is a car sales representative. He is given a 8% of commission rate whenever he

sold a car. If the monthly amortization for the month of October is Php 20,000. What would
be his monthly commission?
3. Marvin is a cellphone sales representative. He is given a 3% of commission rate

whenever he sold a phone. If the monthly amortization for the month of December is Php
2,488. What would be his monthly commission?
4. Peter is a cellphone sales representative. He is given a 5% of commission rate

whenever he sold a phone. If the monthly amortization is Php 5,988 for 12 months.
Commission decreases by 0.080% every month. What would be his commission on the 6 th
month?
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5. John is a insurance/financial advisor. He is given a 5% of commission rate whenever

he sold a insurance plan. If the monthly amortization for the plan is Php 2,000. What would
be his monthly commission?
EVALUATION
Complete the Table

12 months
1. Php 15,030 5%
2. Php 120,020 4%
3. Php 92,654 3%
4. Php 69,562 2%
5. Php 983.87 1%
For further understanding, read and answer the following questions.
1. Which among of the items in practice exercise #3 is the most difficult? Explain.
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2. In your own words, how do we compute for commission per installment basis?
Expand your answer
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Prepared by: ALEX CHRISTOPHER V. AGUPE

KALAYAAN NATIONAL HIGH SCHOOL

Business Mathematics by Norma Dy Lopez-Maria
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OBJECTIVES: Computes down payment, gross balance, and current increased balance.
• Down payment
• Gross Balance/Book Balance
• and Current Increased Balance
TRY TO DISCOVER!
What is a Down payment?
• is a first payment that one makes when one buys something with an agreement to pay
the rest later and it is an upfront payment you make to purchase a home, vehicle, or
another asset.
What is a Gross Balance or Book Balance?

• it refers to the total amount of money a bank has on deposit before adjusting for
uncleared checks or deposits, as well as reserve requirements. And it is a banking term
used to describe funds on deposit after adjustments have been made for reserve
requirements, checks that have yet to clear, deposits in transit, or other pending
deductions from an account.
What is a Current Increased Balance?

• it refers to the total amount you have to pay that includes penalties or interest incurred
by unpaid balance from a loan or payment you are supposed to have made but was not
able to do so on time.
How do we obtain for Down payment?
Example:
When one purchases a car or any big item not through cash but installment terms, normally, a
certain down payment is required of the buyer. Car dealers normally require a minimum down
payment, which is usually 20% of the total cost of the vehicle being purchased.
The interest on the remaining balance is then computed depending on the number of years a
buyer would want to amortize the remaining balance.
• If a car costs PhP1,000,000 and a minimum 20% down payment is required by the
company, then the buyer will have an initial cash out of PhP200,000; that is, 20%
(1,000,000) = PhP200,000.
• The remaining PhP800,000 will be amortized monthly and the amount of monthly
amortization depends on the number of years the buyer will want to pay the loan.
Normally, buyers prefer a 3-year or 5-year payment period.
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• The lesser the number of years, the lesser the total amount of money paid as interest to
the loan. But with this arrangement, the monthly amortization will be considerably higher
than when one chooses to pay the balance for longer number of years.
To put simply:
Given amount of Car = Php 1 Million
Required Down payment (Minimum) 20% of the amount of being purchased
Down payment= Percentage of Required Initial Cash-out X Amount of Being Purchased
DP= 20% X
1,000,000
0.20 X
1,000,000
DP= Php 200,000
How do we obtain for Gross Balance?

• Determine the amount of money what the bank has on hand before adding or
subtracting regulatory obligations and items that will soon appear on its books.
Example
A check amounting to PhP5,000 that has been deposited today may not be withdrawn the next
day because it has not cleared yet. If your bank passbook contains PhP30,000 due to the
transaction you made earlier. Can you withdraw the whole Php 30,000?
Answer:
No, you may not be able to withdraw the whole amount yet because your gross balance is only
PhP25,000 since your check has not been cleared yet.
How do we obtain for Current Increase Balance?
Current Increase Balance= (Total Amount Due for the Month - Minimum Required Payment) + (Financing
Charge per Month *(Total Amount Due for the Month- Minimum Required Payment))
Minimum Required Payment= (Percentage of Min. Payment) * (Total Amount Due for the Month)
Example
As of this month’s cut-off date, the current total amount due from your purchases using your
credit card is PhP 99,386.59. The minimum required payment is 5% of the total amount due. If
you pay only the minimum required payment, a financing charge of 3.4% of the remaining
balance will be charged to the next bill.
Assuming you refrain from using your credit card on any of your purchases for the next 3 months
and the financing charge of 3.4% is charged every billing period, show your expected monthly bill
for the next 3 months.
Solution:
Given the current bill of PhP 99,386.59, the minimum required payment is
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Minimum Required Payment = 0.05(99,386.59)

= PhP4,969.33.
If only the minimum required payment is paid, then the remaining debt balance is
Remaining Balance = 99,386.59 - 4,969.33
= PhP 94, 417.26.
Assuming there are no credit bill transactions for the next 3 months and only the minimum
required payment each month is paid, the table below shows the monthly total amount due for
each of the next 3 months.
Time Total Amount Due for the Month Minimum Required Payment for
(Month) the Month
0 99,386.59 0.05*(99,386.59) = 4,969.33
1 (99,386.59 - 4,969.33) + .034*(99,386.59 - 4,969.33) 0.05*(97,627.45) = 4,881.37
= 94, 417.26 + .034*(94, 417.26)
= 1.034(94, 417.26)
= 97,627.45
2 1.034(97,627.45 – 4,881.37) 0.05*(95,899.45) = 4,794.97
= 1.034(92,746.08)
= 95,899.45
3 1.034*(95,899.45 – 4,794.97) 0.05*(94,202.03) = 4,710.10
= 1.034*(91,104.48)
= 94,202.03
Observe that for the next 3 months, a total of PhP14,386.44 has already been paid for the
credit card bills. However, only PhP5,184.56 (99,386.59 - 94,202.03) has been deducted so far
from the original debt of PhP99,386.59. Hence, every time we keep paying only the required
minimum payment, more money goes to interest payments rather than payment of the actual
debt.
From the above example, your minimum required payment of PhP4,969.33 serves as
your down payment for your loan of PhP99,386.59 leaving you with a balance of PhP94,417.26
at the start of the month. However, because there is a finance charge of 3.4%, if you are not able
pay for the next month, your current increased balance will become PhP97,627.45.
I learn about the down payment, gross
balance and current increased balance
Good Job! You may and I can proceed to the practice
begin the PRACTICE
exercises.
EXERCISES.
I should go back to the lesson and
study it again.
Word Problem
1. Mr. Hebreo inquired to a real estate company named Jason Homes. The house that he
wants is worth Php 12 Million Pesos. According to the agent, the company required a 3% of
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minimum down payment. How much should Mr. Hebreo spent for the minimum required down
payment and how much would be subject for monthly amortization?
2. Mr. Agupe deposited a cheque worth Php 100,000, that makes his bank account worth
Php 185,000. What is the Gross balance before the transaction has been done?
balance, and current increased balance,
Good Job! You may and
begin the PRACTICE I can proceed to the practice
EXERCISES. exercises 2.
it again.
.
Word Problem
As of this month’s cut-off date, the current total amount due from Mr. Alex’s account purchases
using his credit card is PhP 30,000. The minimum required payment is 5% of the total amount
due. If Alex pays only the minimum required payment, a financing charge of 2% of the remaining
balance will be charged to the next bill. If he will refrain from using his credit card on any of his
purchases for the next 3 months and the financing charge of 2% is charged every billing period,
show his expected monthly bill for the next 3 months
Learning Summary:
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• Down payment is a first payment that one makes when one buys something with an
agreement to pay the rest later. It is also an upfront payment you make to purchase a
home, vehicle, or another asset. It is also referring to the portion of the purchase price that
you pay out-of-pocket (as opposed to borrowing). That money typically comes from your
personal savings, and in most cases, you pay with a check, a credit card, or an electronic
payment.
• Gross Balance is a measure of what the bank has on hand before adding or subtracting
regulatory obligations and items that will soon appear on its books. It is also a banking
term used to describe funds on deposit after adjustments have been made for reserve
requirements, checks that have yet to clear, deposits in transit, or other pending
deductions from an account.
• Current Balance refers to the total amount you have to pay that includes penalties or
interest incurred by unpaid balance from a loan or payment you are supposed to have
made but was not able to do so on time.
balance, and current increased balance,
Good Job! You may and
begin the PRACTICE I can proceed to the practice
EXERCISES. exercises 3.
it again.
Word Problem
As of this month’s cut-off date, the current total amount due from Ms. Mary ’s account purchases
using her credit card is PhP 50,000. The minimum required payment is 5% of the total amount
due. If Mary pays only the minimum required payment, a financingt charge of 2.75% of the
remaining balance will be charged to the next bill. If she will refrain from using his credit card on
any of her purchases for the next 3 months and the financing charge of 2.75% is charged every
billing period, show her expected monthly bill for the next 6 months
EVALUATION
Word Problem
1. Mr. Henry inquired to a real estate company named Jason Homes. The house that he
wants is worth Php 19 Million Pesos. According to the agent, the company required a 2% of
minimum down payment. How much should Mr. Henry spent for the minimum required down
payment and how much would be subject for monthly amortization?
Page 23 of 24

_______________
_______________
2. As of this month’s cut-off date, the current total amount due from MS. Liza ’s account
purchases using her credit card is PhP 50,000. The minimum required payment is 5% of the total
amount due. If Liza pays only the minimum required payment, a financing charge of 1.75% of the
remaining balance will be charged to the next bill. If she will refrain from using his credit card on
any of her purchases for the next 3 months and the financing charge of 1.75% is charged every
billing period, show her expected monthly bill for the next 3 months.
For further understanding, read and answer the following question.
In your own words, what would be the mathematical procedures in obtaining the Down payment,
Gross Balance and Current Increase Balance?
_____________________________________________________________________________
___
_____________________________________________________________________________
___
_____________________________________________________________________________
___
Prepared by: ALEX CHRISTOPHER V. AGUPE

KALAYAAN NATIONAL HIGH SCHOOL

https://www.thebalance.com/choosing-a-down-payment-315602
https://www.investopedia.com/terms/d/down_payment.asp
https://financial-dictionary.thefreedictionary.com/Book+Balance
Business Mathematics by Priscilla Alfares et al.
Business Mathematics by Norma Dy Lopez-Maria
Page 24 of 24

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Module Code: Pasay-BM11-Q2 –W1-D1

Name: ____________________________________________________ Track/Strand:

DEPARTMENT OF EDUCATION - NATIONAL CAPITAL REGION

MODULE IN BUSINESS MATHEMATICS

OBJECTIVE: Illustrates the different types of commissions.

YOUR LESSON FOR TODAY:

Different Types of Commissions

Commission is a way of compensation mainly used to pay who sell company’s

Straight commission is type of commission wherein the salesperson’s earning or wage

Commission = Commission Rate X Amount of Sales

Level pay = sales per level X Commission Rate

1. Salary plus Commission is a when employee is being paid a guaranteed salary

2. Commission and bonus is when a salesperson is given a bonus if he/she exceeds

3. Commission with Override is when a salesperson earns commission on his/her

Name: ____________________________________________________ Track/Strand:

Incremental Commission is a commission given to salespersons who do not receive a

ARE YOU READY TO PRACTICE EXERCISES 1?

2. If a commission on the sale of Php16,950 worth of clothes is Php1,271.25, what is

Name: ____________________________________________________ Track/Strand:

4. Teresita Ocampo receives a 6% commission on her sales. She supervises 12

5. Emila Cabanero works on pay schedule of Php21,300 per month plus a 3%

ARE YOU READY TO PRACTICE EXERCISES 2?

Match column A with column B.

ARE YOU READY TO PRACTICE EXERCISES 3?

Name: ____________________________________________________ Track/Strand:

Good Job! You may

/commission, and I can proceed to the practice exercises.

Answer the question.

How do commissions work?

For further understanding, read and answer the following questions.

1. Which of the item in Practice Exercises 3 seem to be most difficult? Explain.

Name: ____________________________________________________ Track/Strand:

3. What type of commission is earned from the sales of the representatives?

4. What commission that refers to “a bonus is given to a salesman because he exceeds

Prepared by: ROGER D. PAGDATO

References for further enhancement:

Name: ____________________________________________________ Track/Strand:

Textbook: Business mathematics page 135 to 142 by: Winston Sirug

Name: ____________________________________________________ Track/Strand:

DEPARTMENT OF EDUCATION - NATIONAL CAPITAL REGION

MODULE IN BUSINESS MATHEMATICS

OBJECTIVE: Computes commission on cash basis.

YOUR LESSON FOR TODAY:

ATTEMPT THE ABOVE ACTIVITY BEFORE PROCEEDING

How do we compute commission on cash basis?

Let’s have PRACTICE EXERCISES 2!

1. Johnny makes money by commission rates. He gets 15% of everything he

Name: ____________________________________________________ Track/Strand:

4. What is your total commission if you sold a Php 152,000 with a 5%

5. A sales agent receives a 3% commission in selling a condominium worth Php

ARE YOU READY TO PRACTICE EXERCISES 3?

PRACTICE EXERCISES on cash basis.

Name: ____________________________________________________ Track/Strand:

Let’s have PRACTICE EXERCISES 3!

Air condition 121,000

How much is his total

b. A sales agent in a realty company with a 3% commission on the property he sells.

Property Total Solution

Elysse 1,245, 000

Charles 3, 400, 000