3. Each of the workers below earns a weekly base salary plus a commission on sales. Calculate their gross weekly salary. a) base salary: $658, commission: 6% of $1785 b) base salary: $250, commission: 11% of $12 560 c) base salary: $250, commission: 20% of $4244.50 4. Calculate each person's gross weekly pay. a) Claire sold $50 975 of automobiles. Her commission rate is 2.5%. b) Jordon sold a house worth $235 900. His commission rate is 3%. c) Neeta sold $3905 worth of clothing. Her commission rate is 6%. SALESA 5. Calculate the total earnings for Joan and Manuel. a) Joan is a seamstress who is paid $11.55 for each pair of pants she makes. How much does she earn if she makes 35 pairs of pants? b) Manuel packs vegetables to ship to grocery stores. He is paid $4.50 for each box he packs. How much does he make if he packs 200 boxes?

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Calculate other forms of income
3. Each of the workers below earns a weekly base salary plus a commission
on sales. Calculate their gross weekly salary.
a) base salary: $658, commission: 6% of $1785
b) base salary: $250, commission: 11% of $12 560
c) base salary: $250, commission: 20% of $4244.50
4. Calculate each person's gross weekly pay.
a) Claire sold $50 975 of automobiles. Her commission rate is 2.5%.
b) Jordon sold a house worth $235 900. His commission rate is 3%.
c) Neeta sold $3905 worth of clothing. Her commission rate is 6%.
SALE SALE
5. Calculate the total earnings for Joan and Manuel.
a) Joan is a seamstress who is paid $11.55 for each pair of pants she
makes. How much does she earn if she makes 35 pairs of pants?
b) Manuel packs vegetables to ship to grocery stores. He is paid
$4.50 for each box he packs. How much does he make if he packs
200 boxes?
Transcribed Image Text:3. Each of the workers below earns a weekly base salary plus a commission on sales. Calculate their gross weekly salary. a) base salary: $658, commission: 6% of $1785 b) base salary: $250, commission: 11% of $12 560 c) base salary: $250, commission: 20% of $4244.50 4. Calculate each person's gross weekly pay. a) Claire sold $50 975 of automobiles. Her commission rate is 2.5%. b) Jordon sold a house worth $235 900. His commission rate is 3%. c) Neeta sold $3905 worth of clothing. Her commission rate is 6%. SALE SALE 5. Calculate the total earnings for Joan and Manuel. a) Joan is a seamstress who is paid $11.55 for each pair of pants she makes. How much does she earn if she makes 35 pairs of pants? b) Manuel packs vegetables to ship to grocery stores. He is paid $4.50 for each box he packs. How much does he make if he packs 200 boxes?
omecare
Reason
nderstand
raspun
Communicate
Connect
6. Determine each worker's
gross earnings.
a) Len assembles computer
parts at a rate of
42 parts/h. He works for
8 h and is paid $0.45/part.
b) Susan tests circuit boards.
She can perform 4 tests/h.
She works for 7 h and is
paid $4.25 per test.
7. a) A strawberry picker is
paid $0.90 per kilogram
of berries. How many
kilograms must he pick
to earn $45?
b) A warehouse worker
packs boxes and receives
$3.75/box. How many
boxes must she pack to
earn $105?
MG
Apply
8. Daniel has two job offers.
Job 1: Commission of 12% on sales
Job 2: Base salary of $600 plus commission of 5% on sales
Which method of payment would earn Daniel the most for typical
weekly sales of $9000?
9. Daniel wrote down the information incorrectly. Job 2 in #8 offers a
commission of 6%. How will that affect which job would pay more?
10. Morgan installs home water filter systems that cost $250. She earns
a commission of 20% for every system she sells and installs.
a) Morgan sells and installs two water systems per day for 5 days.
What is her gross weekly pay?
b) Morgan makes these sales for this month.
• Week 1: 10 systems sold
• Week 2: 5 systems sold
• Week 3: 8 systems sold
• Week 4: 4 systems sold
• Week 5: 5 systems sold
She is paid weekly. What is her gross pay for this month?
Transcribed Image Text:omecare Reason nderstand raspun Communicate Connect 6. Determine each worker's gross earnings. a) Len assembles computer parts at a rate of 42 parts/h. He works for 8 h and is paid $0.45/part. b) Susan tests circuit boards. She can perform 4 tests/h. She works for 7 h and is paid $4.25 per test. 7. a) A strawberry picker is paid $0.90 per kilogram of berries. How many kilograms must he pick to earn $45? b) A warehouse worker packs boxes and receives $3.75/box. How many boxes must she pack to earn $105? MG Apply 8. Daniel has two job offers. Job 1: Commission of 12% on sales Job 2: Base salary of $600 plus commission of 5% on sales Which method of payment would earn Daniel the most for typical weekly sales of $9000? 9. Daniel wrote down the information incorrectly. Job 2 in #8 offers a commission of 6%. How will that affect which job would pay more? 10. Morgan installs home water filter systems that cost $250. She earns a commission of 20% for every system she sells and installs. a) Morgan sells and installs two water systems per day for 5 days. What is her gross weekly pay? b) Morgan makes these sales for this month. • Week 1: 10 systems sold • Week 2: 5 systems sold • Week 3: 8 systems sold • Week 4: 4 systems sold • Week 5: 5 systems sold She is paid weekly. What is her gross pay for this month?
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