Commission Commission :Money earned based on how much you sell. Usual expressed as a percentage. Write some people who get commission Car sales person.

Slides:

Advertisements

Similar presentations

Months of the year December January November October February

Advertisements

29-Apr-15Created by Mr. Lafferty Maths Dept. Wages & Salaries Annual Salaries / Weekly wages Hourly rate and Wages Wage Rises Commission.

Calculations In Everyday Contexts.

SECTION 2 WORK The reward for work GCSE ECONOMICS: UNIT 11 Part One.

Wage Calculations.

Calculations In Everyday Contexts.. Wage Rises Example 1. (a) The new annual wage. (b) The new monthly wage. Solution (a)The new annual wage = old wage.

Chubaka Producciones Presenta :.

Welcome to. 5 Ways to Earn 1. PRODUCT SALES Members are entitled to avail 35-45% discount on all products. 50ml Perfume (Member Price) = P180 Customer.

Basic Consumer Mathematics Skills Workbook

2012 JANUARY Sun Mon Tue Wed Thu Fri Sat

P Pathophysiology Calendar. SundayMondayTuesdayWednesdayThursdayFridaySaturday January 2012.

Question #1 Tex starts work at 1:40 PM and gets off work at 7:25 PM. If he has no breaks, how many hours does he work for? 5 hours (1:40 to 6:40) 45 minutes.

Commissions, Royalties, & Piecework Pay

Unit 4: Income Topic: Employee Compensation & Benefits ChiArts Financial Statistics.

Calculating Gross Earnings with Differing Methods of Compensation.

JEOPARDY TermsSalary, Overtime & Commission Take-Home Pay Benefits & Expenses RandomsDeductions $100 $200 $300 $400 $500 Let’s play! ***

Gross Pay Chapter Hourly Pay Employees – People who work for others Employer – The person or company and employee works for. Hourly Rate - a certain.

Annual Wage / Salary How much a person is paid in a year Wages & Salaries 12 months in a year 52 weeks in a year.

Annual Wage / Salary How much a person is paid in a year Wages & Salaries 12 months in a year 52 weeks in a year.

Consumer Decisions Earning Money.

$$$.  How much a person earns is usually expressed as an annual amount. For example, $ annually  Annual = 1 year = 12 months = 52 weeks  However,

The reward for work. How people are paid Salary (stated as yearly earnings but are usually paid monthly) – more likely to be skilled, non-manual occupations.

Salary and Wages. Spending Money We looked at spending money at a store We had a budget that we were not supposed to go over Were we able to get Joey’s.

Calculating Tax, Tips, and Commission

Copyright 2014 © W. Seth Hunter ConsumerMath.org L4.7 Commission From wages to salary to commission; earning money comes in many different ways. The more.

Commission Another way of getting paid. Commission Commission is getting paid by a certain percentage. For example, a car sales woman might be paid 5%

Unit 1: The Job 1.1 Hourly Pay. 1.1 HOURLY PAY What kind of jobs are hourly? What kind of jobs are hourly? What does that mean? What does that mean? You.

WORD JUMBLE. Months of the year Word in jumbled form e r r f b u y a Word in jumbled form e r r f b u y a february Click for the answer Next Question.

Pay Periods and Hourly Rates

Payroll Accounting Making Accounting Relevant Businesses issue payroll checks to their employees to compensate them for work performed. Making Accounting.

Commission SWBAT find the amount of commission; find the commission rate; find the total sales; compare commissions when the total sales and commissions.

DATE POWER 2 INCOME JANUARY 100member X 25.00P2, FEBRUARY 200member X 25.00P5, MARCH 400member X 25.00P10, APRIL 800member.

MNU 3-09b MNU 4-09b 5-Dec-15Created by Mr. Lafferty Maths Dept. Wages & Salaries Hourly Rates / Wages Wage Rises Commission Wages.

$1 Million $500,000 $250,000 $125,000 $64,000 $32,000 $16,000 $8,000 $4,000 $2,000 $1,000 $500 $300 $200 $100 Welcome.

Chapter 1 Gross Pay.

Starter Questions Q1. How much should I get if I work 15 hours at a rate of £7.50 per hour. Q2. Find the missing angles 94 o 60 o.

CAN YOU MAKE THE BASKET?. Find your seat. Team 1 Team 2 Team 3 Team 4 Team 5 Team 6 Team 7 Team 8 Team 9.

What is Commission? It’s usually given as a percent. Sometimes, it is the only pay a sales person earns!

PERCENTAGES 1. Percentage means parts of 100. To change a fraction or decimal to a percentage, multiply by 100. Example Write abas percentages. a b.

2011 Calendar Important Dates/Events/Homework. SunSatFriThursWedTuesMon January

SunSatFriThursWedTuesMon January

+ Basic Math Skills Lesson 13: Commission p. 154.

Copyright © 2012, 2009, 2005, 2002 Pearson Education, Inc. Chapter 5 Percent.

What is Commission? It’s usually given as a percent. Sometimes, it is the only pay a sales person earns!

Commission is a fee paid for services, usually a percentage of the total cost. Jack’s Gallery sold Carole’s painting for $500 so Carole paid the gallery.

July 2007 SundayMondayTuesdayWednesdayThursdayFridaySaturday

WARM UP Solve the following. 1)10% of 95 = 2) |32| - |-24| = 3) 92 - |-14|=

Find the percent of increase or decrease to the nearest percent. 1.) From 1 to ) From 162 to ) From 16 to 22 1 – = 38% D 177 – 162.

Aim: Commission, Royalties, Piecework Course: Math Literacy Do Now: Jessica wrote a book for junior high school students. She receives 10% of total sales.

Lesson 2: Types of Income. Objectives: Identify sources of income. Identify various forms of income. Determine how the average wage or salary for different.

N4 LS 24-Jun-16Created by Mr. Lafferty Maths Dept. Hourly Rates / Wages Wages / Hourly Rates Income Weekly / Monthly Wages Wage Rises.

CALCULATING GROSS EARNINGS WITH DIFFERING METHODS OF COMPENSATION.

Commission Commission : Money earned based on how much you sell. Usually expressed as a percentage. Computer Salespeople Car sales person Window.

Commissions, Royalties, & Piecework Pay

Business Math 1.4 Commissions.

Created by Mr. Lafferty Maths Dept.

Created by Mr. Lafferty Maths Dept.

Dictation practice 2nd Form Ms. Micaela-Ms. Verónica.

McDonald’s Kalender 2009.

McDonald’s Kalender 2009.

Commissions, Royalties, & Piecework Pay

McDonald’s Kalender 2009.

2300 (11PM) September 21 Blue line is meridian..

Wages & Salaries Commission Hourly rate Overtime Wage Slips

McDonald’s calendar 2007.

February 2007 Note: Source:.

Phone Bill Your dad tells you that you can have your own phone if you pay the bill. He shows you a list of how much the calls you made the few past months.

McDonald’s calendar 2007.

2015 January February March April May June July August September

Presentation transcript:

Commission Commission :Money earned based on how much you sell. Usual expressed as a percentage. Write some people who get commission Car sales person D o u b l e g l a z i n g s a l e s p e r s o n C o m p u t e r S a l e s p e o p l e Selling subscriptions to Pay Per View Tv

You could be part of a team which sells double glazing The more you sell the more you will earn. If you sell double glazing worth £ you may be paid a commission of 7% Your commission would be 7 ÷ 100 x = £840 If you sell a lot of windows that’s great but there are always times when it is hard to find a sale. If you choose a sales job it is always better to go for one where they pay you a BASIC wage plus commission on what you do sell

Commission ÷100x C. ÷ x On ² - Ans = √ Example 1 : Ted sells car. He is paid a commission of 5% on any cars he sells. Last week he sold £ worth of cars. How much commission was he paid ? 5 % of £ = Commission : 5 ÷ 100 x £ = £ 1 000

Commission C. ÷ x 0 + On ² - Ans = √ Ms Thomson works for ClearView Double Glazing. 2.8% Sales of Her wage is Commission= = = January £29000 February Sales of £5500 Next Basic Pay ( per month )£1135 Rate of Commission = Her wage is =

Commission C. ÷ x 0 + On ² - Ans = √ Ms Thomson works for ClearView Double Glazing. 3.1% Sales April £16000 Next Basic Pay ( per month )£1310 Rate of Commission CommissionWage May £13000 June £12600 July £27600 August £13900 September £15200

Commission C. ÷ x + On ² - Ans = √ Next If you are only paid commission then your wage depends on your sales. It is better to have a basic wage plus a smaller commission Basic Wage £1320 Commission of 2.9% on sales over £ Get Commission on = Total Wage = = Often you are paid commission over a certain amount of sales. Sales of £75600 Commission = =