Answer:
P55,000
Step-by-step explanation:
The amount of commission is found by multiplying the commission rate by the value of the sale(s).
commission = rate × sales
commission = 0.10 × p550,000 = P55,000
The agent will receive P55,000 in commission.
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Check
The amount of commission cannot be more than the value of the sale. It is generally a small fraction of the sale value. Here, it is 1/10.
