Math Problem Statement

A car salesperson earns a 7% commission on each car sold. If the salesperson sells a car for ₱1,200,000, how much commission does the salesperson earn?

A car salesperson earns a 7% commission on each car sold. If the salesperson sells a car for ₱1,200,000, how much commission does the salesperson earn?

₱84,000

₱7,400

₱7,000

₱70,000

Solution

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Math Problem Analysis

Mathematical Concepts

Percentage Calculation
Basic Arithmetic

Formulas

Commission = Sale Price × Commission Rate

Theorems

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Suitable Grade Level

Grades 5-7