Problem
Eagle Company is a domestic common carrier engaged in the transport of cargoes and passengers in Visayas and Mindanao. For the current taxable quarter, it has the following gross receipts:
Transportation of Cargoes
By land 2,800,000
By sea 3,000,000
Transportation of passengers
By land 2,500,000
By sea 2,300,000
What the percentage tax due for the taxable period would be?