Reference no: EM132837541
1.Jane is a sales executive earning a salary of Ksh. 20,000 and a commission of 8% for the sales in excess of Ksh 100,000. If in January 2010 she earned a total of Ksh.48, 000 in salaries and commissions
a) Determine the amount of sales she made in that month
b) If the total sales in the month of February and March increased by 18% and then dropped by 25% respectively.Calculate
(i) Jane's commission in the month of February
(ii) Her total earning in the month of March
2. Wekhomba bought a laptop in Uganda for Ush.1, 050,000. He then paid 60 US dollars as transportation charges to Kenya. On arrival in Kenya he paid duty and sales tax amounting to 55% of the cost in Uganda. He then gave it to a friend in Tanzania tax free. If the exchange rates were I US dollar = Ush 1016, 1Ksh = Ush 24.83 and Tsh 1 = Ksh 0.0714
(a) Calculate the total expenses in Kenya shillings incurred by Wekhomba
(b) Find the expenditure on transportation and taxes as a percentage of the total expenditure
(c) What is the total value of the laptop in Tanzanian shillings
(d) Find the overall increase in value of the laptop as percentage of the buying price
3. Wekesa deposited a certain amount of money in bank that paid compound interest at the rate of 20% P.A. Calculate to the nearest year the time he would have to wait for his investment to tripple.
4. A Kenya scholar to Japan exchanged converted Kenyan shillings to Yens. He received a total of 36,632.8 Yens. If the bank rates were as below, find how much to the nearest shilling he exchanged.
Buying selling
100 Japanese Yens Ksh 62.76 63.16
5. Ann bought 24 trays of eggs at sh 225 each. Each tray contains 30 eggs. 54 eggs got broken during transportation. At what price must he sell each egg in order to realize a profit of 22%. Answer to the nearest 1 shilling.
6. A man invests Ksh 10000 in an account which pays 16% interest p.a. The interest is compounded quarterly. Find the interest earned after 1 ½ years to the nearest shilling.