[tex]\large{\mathcal{QUESTION:}}[/tex]
Mr. Juanico Brids received ₱ 5,500 as commission after collecting payments for a loan, If he was given 8% commission, then how much was his collection?
[tex] \\ [/tex]
[tex]\large{\mathcal{SOLUTION:}}[/tex]
Given:
- Commission = 5,500
- Rate = 8% of the commission or 0.08
- Collection = ?
[tex] \\ [/tex]
Equation will be ,
- Collection × Rate = Commission
- Collection × 8% = 5,500
- Collection × 0.08 = 5,500
- Collection = 5,500 ÷ 0.08
- Collection = 68,750
Therefore , the amount of his collection is Php 68,750
[tex] \\ [/tex]
[tex]\large{\mathcal{ANSWER:}}[/tex]
[tex] \\ [/tex]
