Earning Money Reivew

Match the following Words with the proper definitions

• Base salary with additional performance incentives

• Commission

• Pay for a specific percentage of sale

• Contract

• Payment based on the amount of work completed

• Piecework

• Agreement to perform work for a set fee

• Salary Plus

Liam works as a welder and is paid $3.75 for each metal frame he welds. If he welds 52 frames per day, how much will he earn?

Mathematical Equivalence

ON

Emma works as a jewelry maker. She is paid $187.50 for crafting 30 identical bracelets for a boutique. How much was she paid per bracelet?

Mathematical Equivalence

ON

Olivia works as a car salesperson and earns a 5% commission on every car she sells. If she sells a car for $24,000, how much does she earn in commission?

• $1,000
• $1,500
• $2,000
• $1,200

Daniel earned $1,350 in commission from selling a car. If his commission rate is 6%, what was the price of the car he sold?

• $20,000
• $22,500

• $18,000
• $15,000

A luxury watch retailer pays its salespeople 4.5% commission on the profit from each sale. Ethan sells a watch for $12,500, but the store originally purchased it at a 40% markup on its wholesale price of $7,500.

How much did Ethan earn in commission?

Mathematical Equivalence

ON

Sophia owns a catering business and bids $8,750 for a large event. Her total cost includes $5,600 for ingredients and supplies, plus she will pay her staff for 45 hours at $18.25 per hour.

Sophia personally worked 50 hours on this event, how much would her hourly earnings be based on her profit?

Mathematical Equivalence

ON