Variable Earnings Answers

Choose the method of pay that would result in the most earnings for one month on sales of $73,620.a.Straight commission of 6% on all sales.b.Monthly salary of $3,000 plus 2% commission on all sales.c.Graduated commission of 4% on the first $50,000 in sales and 9% on anything over that.d.Graduated commission of 5% on the first $35,000 in sales and 7% on anything over that.

Pete earns graduated commission on his sales each month. He earns 7% commission on the first $35,000 in sales and 9% on anything over that. If Pete had $43,000 in sales this month, how much commission did he earn?a.$2,610b.$3,170c.$3,870d.$6,880

Bob gets paid an annual salary of $30,000 and earns 5% commission on all sales he makes. If Bob wants to make $6,000 this month, how much in sales does he need to have?a.$50,000b.$70,000c.$90,000d.$120,000

Hank is a salaried plus commission employee. Hank has a monthly salary of $2,500 and earns 5.5% commission on all sales. Which of the following expressions represents Hank's total earnings in one month if he has $6,300 in sales?a.2,500 + (0.055)(6,300)b.2,500 + (5.5)(6,300)c.(2,500) (5.5) + 6,300d.(2,500) (0.055) + 6,300

Which of the following expressions represents the total earnings of a commissioned employee earning 9.5% commission with sales of $8,540?a.(0.0095)(8,540)b.(0.095)(8,540)c.(0.95)(8,540)d.(9.5)(8,540)

Ruby has a monthly salary of $1,800 and also earns 6% commission on her sales. If Ruby had $37,000 in sales last month, what were her total earnings for the month?a.$1,908b.$2,220c.$2,328d.$4,020

The table below shows the earnings, in thousands of dollars, for three different commissioned employees. $2,000 + 3% on all sales7% on all sales5% on the first $40,000 + 8% on anything over $40,000December4.45.65.2January3.53.853.6February4.74.94.4Who had the largest dollar amount in sales for the month of December?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.

Choose the method of pay that would result in the most earnings for one month on sales of $40,000.a.Straight commission of 7.5% on all sales.b.Monthly salary of $1,600 plus 2.5% commission on all sales.c.Graduated commission of 5% on the first $30,000 in sales and 6% on anything over that.d.Graduated commission of 4% on the first $25,000 in sales and 8% on anything over that.

Ryan works at the car wash making $5.30 per hour plus tips. Last week Ryan worked 32 hours and earned $403. How much in tips did Ryan make last week?a.$86.40b.$148.00c.$169.60d.$233.40

A commission employee derives their income from the number of items or goods that they produce.