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You were able to sell a car worth PhP 2,100,000 which would be financed by a bank. You told your buyer that the required down
You were able to sell a car worth PhP 2,100,000 which would be financed by a bank. You told your buyer that the required down payment was 20% of the net price. Your buyer also need to pay the monthly amortization of PhP 35,000 for 5 years.
Question: Compute your gross commission if your car dealer gave a 5% commission rate.
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