At Zabowood’s Gadget Store, some items are paid on instalment basis through credit cards. Clariza wa

Discussion in 'Calculator Requests' started by math_celebrity, Dec 16, 2021.

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  1. math_celebrity

    math_celebrity Administrator Staff Member

    At Zabowood’s Gadget Store, some items are paid on instalment basis through credit cards. Clariza was able to sell 10 cellphones costing Php 18,000.00 each. Each transaction is payable in 6 months equally divided into 6 equal instalments without interest. Clariza gets 2% commission on the first month for each of the 10 cellphones. Commission decreases by 0.30% every month thereafter and computed on the outstanding balance for the month. How much commission does Clariza receive on the third month?

    Calculate Total Sales Amount:
    Calculate Total Sales Amount = 10 cellphones * 18000 per cellphone
    Calculate Total Sales Amount = 180000

    Calculate monthly sales amount installment:
    monthly sales amount installment = Total Sales Amount / 6
    monthly sales amount installment = 180000/6
    monthly sales amount installment = 30000 per month

    Calculate Third Month Commission:
    Third month commission = First Month Commission - 0.30% - 0.30%
    Third month Commission = 2% - 0.30% - 0.30% = 1.4%

    Calculate 3rd month commission amount:
    3rd month Commission amount = 1.4% * 30000
    3rd month Commission amount = 420
     

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