1. Basic Consumer Mathematics Skills Workbook
Lessons 6, 9, 11, and 12 from Chapter 1

2. Lesson 6 – Compute Earnings that Include Tips
These problems are straightforward.
If you are given a rate and hours worked in a week, MULTIPLY those values and then ADD the tips.
If you are already given the weekly wage, then just ADD the tip.

3. Lesson 6 – Examples
Ex. Shawn delivers flowers. He earns $5.15 an hour plus tips. In one 40 hour work week, he earned $ in tips. Find his total income for the week.

4. Lesson 9 – Salary
When given an annual salary you can compute how much money you would receive based on certain pay periods.
Weekly = 52 pay periods (Paid Every Week)
Biweekly = 26 pay periods (Paid Every Two Weeks)
Semi-Monthly = 24 pay periods (Paid Twice a Month)
Monthly = 12 pay periods (Paid Every Month)
Quarterly = 4 pay periods (Paid Four Times a Year)
Semi-Annually = 2 pay periods (Paid Twice a Year)

5. Lesson 9 – Examples
To compute how much you would make based on the pay period, DIVIDE the annual salary by the amount of pay periods (the number that equates).
Example:
Stephen is quoted an annual salary of 52,000. Find the amounts he would make if he could chose a weekly, bi-weekly, or semi-monthly pay period.

6. Lesson 9 – More Examples
Jacob is quoted an annual salary of $15,600. Find what he would make for each type of pay period: Weekly, biweekly, semi-monthly, monthly, quarterly, and semi-annually.
NOTE: This is how the question will be worded on the QUIZ. It is up to you know the numbers that match to the pay-period.

7. Lesson 11 – Earning Commission
Computing total commission based on a quote an additional sales.
Take the percent commission and MULTIPLY it by the QUOTA. (Note: You will have to convert the percent to a decimal – Divide by 100)
Subtract the quota from your sales.
MULTIPLY the bonus rate by the value you received from Step 2
Add the amount from Step 1 to the Amount from Step 3

8. Lesson 11 – Let’s Try One
Example: Sam sells furniture. He earns 10% commission on his sales up to a quota of $2500. He also earns a 14% bonus commission on all of his sales beyond $2500. Last week his sales were $4966. How much did Sam earn?

9. Lesson 11 – Let’s Try One
Example: Laura sells electronics at a local store . She earns 11% commission on her sales up to a quota of $5300. She also earns a 21% bonus commission on all of her sales beyond $5300. Last week her sales were $5783. How much did Laura earn?

10. Lesson 12 – Salary Plus Commission
To compute total earnings with salary Step 1: MULTIPLY the rate of commission (convert percent to decimal) times the total sales Step 2: Add the amount received from Step 1 to the Salary Earned NOTE to convert percent to decimal divide by 100

11. Lesson 12 – Let’s Try One
Example Adam sells cars. He earns a weekly salary of $156 plus a commission of 0.4% on all of his sales. Last week his sales were $153, 782. What did he earn last week?

12. Lesson 12 – Let’s Try Another One
Example Bob sells high-end furniture. He earns a weekly salary of $200 plus a commission of 2% on all of his sales. Last week his sales were $50,000. What did he earn last week?

13. PLEASE NOTE:
When going through the workbook, YOU are RESPONSIBLE for LEARNING the material no matter how you decide to get the workbook completed!

14. What’s Next:
Lessons 6, 9, 11, and 12 from the workbook will be due next class (at the end of class).
We will take a QUIZ on those lessons on next Tuesday 2-17.
The next “section” of material is to complete the workbook.
Looking Ahead: There will be a TEST on this workbook the week after NEXT.