II. Solve the following problems (5 pts. each problem).
1. A salesman has a basic salary of Php 11,500.00. He gets a commission of 5%
on all sales above Php50,000.00. How much did he get in a month if his
sales amounted to Php497,550.00?
2. A businessman lost 25% of his capital in one operation and lost 30% of the
remainder in a second operation. If he has Php 15,600.00 left, how much
did he have at first?

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