QUESTIONS
A Business man is paid a commission of 5% on sales of goods worth over ksh 100,000. He is paid a monthly salary of ksh 15,000 but 2% of his total earning is remitted as tax. In a certain month he sold goods worthy khs 500,000.
a) Calculate his monthly net earnings that month. (5marks)
b) The following month, his monthly salary increased by 20%. His commission was increased to 10% but on goods worth over ksh 200,000. If his total earnings that month was ksh 64,800, Calculate the money received from the sale of goods. (5marks) aNSWERSThe average rate of depreciation in value of a laptop is 10% per annum. After three complete years its valuewas ksh 35,000. Determine its value at the start of the threeyear period.(3marks)COMMERCIAL ARITHMETICS II  FORM 3 LEVEL  PAPER 2 QUESTIONS  SECTION Bâ€‹Mr. Kimutai a teacher from Tuiyotich Secondary School earns Kâ‚¤ 12000 per annum and lives in a house provided by the employer at a minimum rent of Ksh.2000 per month. He gets a family relief of Kâ‚¤ 1320p.a. and is entitled to a relief of 10% of his insurance of Kâ‚¤ 800p.a.â€‹(a) Calculate his annual tax bill based on the table below. (6mks)
â€‹(b) Kimutai other deductions include.

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