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Variable Earnings
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Terms in this set (10)
Choose the method of pay that would result in the most earnings for one month on sales of $60,000.
a.
Straight commission of 6% on all sales.
b.
Monthly salary of $1,500 plus 3% commission on all sales.
c.
Graduated commission of 4% on the first $50,000 in sales and 10% on anything over that.
d.
Graduated commission of 5% on the first $40,000 in sales and 9% on anything over that.
D.
The table below shows the earnings, in thousands of dollars, for three different commissioned employees. Who had the largest dollar amount in sales for the month of January?
a.
The salary plus commission employee.
b.
The straight commission employee.
c.
The graduated commission employee.
d.
They each had the same dollar amount in sales.
C.
The earnings of two employees are given below:
Employee A: 6% commission on all sales
Employee B: 4% commission on the first $80,000 and 8% on anything over $80,000
How much more does a straight commission employee make than the graduated commission employee for sales of $100,000?
a.
$1,200
b.
$1,600
c.
$2,000
d.
$3,200
A.
The table below shows the earnings, in thousands of dollars, for three different commissioned employees. Which employee did not have the same dollar amount in sales for the month of February as the other two employees?
a.
Employee #1.
b.
Employee #2
c.
Employee #3
d.
They each had the same dollar amount in sales.
A.
Athena priced each of her art pieces at the same price and displayed them for sale in two different art shows. She made $495.80 from the first art show and $371.85 from the second show. If Athena sold 7 pieces of art, what price did each piece sell for?
a.
$109.52
b.
$109.66
c.
$123.81
d.
$123.95
D.
An employee makes an hourly rate plus any tips they earn. This tip employee made a total of $400 by working 28 hours last week. If $253 of their total earnings was their tips, what is their hourly rate of pay?
a.
$5.25
b.
$5.61
c.
$8.82
d.
$9.04
A.
Erica sells magazine subscriptions and makes a flat rate of $5.35 for each subscription she sells. If Erica made $42.80 on Monday, $64.20 on Tuesday and $74.90 on Wednesday, how many subscriptions did she sell in the three days?
a.
32
b.
33
c.
34
d.
35
C.
Max has a monthly salary of $1,100 and also earns 7.5% commission on his sales. If Max had $43,000 in sales last month, what were his total earnings for the month?
a.
$3,225
b.
$4,050
c.
$4,325
d.
$5,150
C.
Casey has a job doing valet parking. Casey makes an hourly rate of $4.55 per hour plus tips. Last week Casey worked 26 hours and made $898.55. How much in tips did Casey earn last week?
a.
$34.56
b.
$118.30
c.
$157.25
d.
$780.25
D.
Tamara earns her living as a salary plus commission employee. Her annual salary is $48,000, and she earns 4% commission on all sales she makes. If Tamara wants to make a total of $6,000 this month, how much in sales does she need to have?
a.
$30,000
b.
$50,000
c.
$100,000
d.
$150,000
B.
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