Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Pedro works as a salesman of ZZZ Trading. The agreement between Pedro and ZZZ provides the following terms: Basic Salary P25,000 5% commission on every

Pedro works as a salesman of ZZZ Trading. The agreement between Pedro and ZZZ provides the following terms:

Basic Salary P25,000

5% commission on every sale

Incentive upon meeting of target 15,000

Pedro made a total sales of P250,000 for the month. Incidentally, during the month, Pedro received a P50,000 commission from selling his friend's vacant lot.

How much is the regular compensation income of Pedro?

P25,000

P40,000

P52,500

P102,500

Step by Step Solution

3.31 Rating (151 Votes )

There are 3 Steps involved in it

Step: 1

Lets calculate Pedros regular compensation income 1 Basic Salary P25000 2 Commission on Sale... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Smith and Roberson Business Law

Authors: Richard A. Mann, Barry S. Roberts

15th Edition

1285141903, 1285141903, 9781285141909, 978-0538473637

More Books

Students also viewed these Law questions

Question

Explain Kohlbergs stages of moral development.

Answered: 1 week ago