1) A bag is priced Php 700.00 plus 12% VAT. How much is the tax?
How much is the total price of the bag?
2) Margie sold Php 80,000 worth of items for her friend. If they agreed on a 6%
commission on sales, how much will Margie earn from commission?
3) Mrs. Roa borrowed Php 100,000 with simple interest of 6% payable in 2 years. How
much is the interest in the loan?
How much will Mrs. Roa pay in all?
How much is the total price of the bag?
2) Margie sold Php 80,000 worth of items for her friend. If they agreed on a 6%
commission on sales, how much will Margie earn from commission?
3) Mrs. Roa borrowed Php 100,000 with simple interest of 6% payable in 2 years. How
much is the interest in the loan?
How much will Mrs. Roa pay in all?
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Answer:
1) a. 84
b. 784
2) 4,800
3) a. 6,000
b. 106,000
Step-by-step explanation:
1) a. tax: 700(12%) = 84
b. bag total price:
700 + 700(12%) = 784
2) 80,000 (6%) = 4,800
3) a. 100000 (6%) = 6,000
b. 100000 + 100000(6%)= 106,000