Activity 1
Direction: Write the letter of the correct answer.
1. Noel makes money by commission rates. He gets 12% of everything he sells. If
Noel soid Php 200,000 worth of items this month, how much is his commission for the month?
a. Php 2,400
b. Php 4,200
c. Php 24,000
d. Php 42,000

2. JC makes Php16,500 a month plus some money by commission rates. He gets
7.25% of everything he sells. If JC sold Php75,122.60 worth of items this month,
what is his salary for the month?
a. Php 4,554.39
b. Php 5,446.39
c. Php 21,054.39
d. Php 21,946.39

3. Cyrus receives Php 13,500 as monthly salary. As an agent, his monthly quota is
Php 30,000 worth of cleaning products for which he gets 4.5% commission on all
sales beyond his monthly quota. If he sold Php 65,420 worth of cleaning products
this month, what is his total salary for this month?
a. Php 1,593.90
b. Php 2,943.90
c. Php 15,093.90
d. Php 16,443.90

4. Michaela borrowed money from Metro City Savings of Php500,000 and is to be
repaid in full after 3 years. What is the amount to be paid if the effective rate of interest is 7.5%?
a. Php 612,148.44
b. Php 621,148.44
c. Php 614,128.44
d. Php 641,128.44

5. Chuckie obtained a 30-year mortgage for Php 3,500,000. If his monthly payment is
Php16,500 , how much is the total interest?
a. Php 2,440,000
b. Php 2,940,000
c. Php 3,540,000
d. Php 5,940,000
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