26.05.2022 Views

year 8 maths

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

4H

Decreasing and increasing by a percentage

247

ENRICHMENT

– –

16

Commission

16 Many sales representatives are paid by commission. This means their wage is calculated as a

certain percentage of their sales. For example, Ben, a car salesman is paid 5% commission. In

one week Ben sold three cars for a total value of $42 000 . His wage for that week was 5% of

$42 000 = $2100 . If in the next week Ben sells no cars, he would receive no wage.

a Calculate the following amounts.

i 10% commission on sales of $850

ii 3% commission on sales of $21 000

iii 2.5% commission on sales of $11 000

iv 0.05% commission on sales of $700 000

Generally sales representatives can be paid by commission only, by an hourly rate only, or by a

combination of an hourly rate and a percentage commission. The combination is common, as it

provides workers with the security of a wage regardless of sales, but also the added incentive to

boost wages through increased sales.

Solve the following three problems involving commission.

b Stuart sells NRL records. He earns $8.50 per hour and receives 5% commission on his sales.

Stuart worked for 5 hours at the Brisbane Broncos vs Canberra Raiders match and sold 320

records at $4 each. How much did Stuart earn?

c Sam, Jack and Justine are all on different pay structures at work. Sam is paid an hourly rate of

$18 per hour. Jack is paid an hourly rate of $15 per hour and 4% commission. Justine is paid by

commission only at a rate of 35% .

Calculate their weekly wages if they each worked for 40 hours and each sold $2000 worth of

goods.

d Clara earns an hourly rate of $20 per hour and 5% commission. Demi earns an hourly rate of

$16 per hour and 10% commission. They each work a 40 -hour week. In one particular week,

Clara and Demi both sell the same value of goods and both receive the same wage. How much

did they sell and what was their wage?

e Do you know anyone who receives a commission as part of their salary? Interview someone

and understand the structure of their salary. Would you like to be paid a set salary or like the

added incentive of commission? Summarise your findings and write a brief report.

Cambridge Maths NSW

Stage 4 Year 8 Second edition

ISBN 978-1-108-46627-1 © Palmer et al. 2018

Cambridge University Press

Photocopying is restricted under law and this material must not be transferred to another party.

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!