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Published byDerick Poole Modified over 9 years ago
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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
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Learning Intention To explain how to work out wages when commission and overtime is involved. Commission
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Money earned based on how much you sell. Usually expressed as a percentage. Commission Name some people who get commission Car sales person Double glazing sales person Commission :
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Example 1 : Bob sells car. He is paid a commission of 5% on any cars he sells. Last week he sold £ 20 000 worth of cars. How much commission was he paid ? Commission 5 ÷ 100 x £20 000 = £ 1 000Commission : 10% = 20 000 ÷ 10= £2000 5% = 2000 ÷ 2= £1000
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Commission Example 2 A travel agent earns 7% commission on any holiday she sells. One day she sells £3200 worth of holidays. The next day she sell only £800 worth of holidays. Calculate her commission for the two days. Day 1:Commission =7 ÷ 100 x 3200 = £224 Day 2:Commission =7 ÷100 x 800 =£56
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Overtime :When you do extra work above your basic hours. Commission & Overtime You get a better hourly rate for overtime. Write down the two common rates of overtime Double time (x2) Time and a half (x1.5)
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4 x £12 = £48.00 4 hours Overtime is = Example 1 : Percy the painter works for £6.00 per hour. His overtime rate is “Double time”. What does he get paid for 4 hours overtime. Commission & Overtime Double time rate = £6 x 2 = £12
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5 x £16 = £80.00 5 hours overtime is = Example 2 : John the gardener works a basic 40 hours a week. He does 5 hours overtime at ‘double time’ on Saturday. His hourly rate is £8 per hour. Work out his overtime pay and then his total pay. Commission & Overtime 40 x £8 = £320.0040 hours basic time is = Total pay is = £320 + £80 = £400 Double time rate = £8 x 2 = £16
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Commission & Overtime Time and a half To calculate ‘time and a half’ overtime Time can be described as the whole thing or 1 Half time can be described as 0.5 So…….. time and a half can be described as 1.5 Therefore to calculate time and a half we ……… ……… Multiply by 1.5
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Commission & Overtime Time and a half Example Davie drives a cement lorry for a basic rate of £8 per hour, but any overtime is paid at a rate of time and a half Work out what he would be paid if he were to do 4 hours overtime Time and a half rate rate = £8 x 1.5 = £12 4 x £12 = £48.00 4 hours overtime is =
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Commission & Overtime Time and a half Example Fraser is a green keeper at the S Club in Fife. His basic hourly rate Is £12.50. During a golf tournament, Fraser was required to work 18hours overtime at time and a half. How much was he paid for this? Time and a half rate rate = £12.50 x 1.5 = £18.75 18 x £18.75 = £337.50 18 hours overtime is =
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Commission & Overtime Time and a half Example Sol repairs shoes for a living. He works 45 hours a week for a Basic pay of £7.20 per hour. He also works 6 hours on a Saturday at Time and a half, and 3 hours on a Sunday at double time. Calculatea) basic earningsb) Saturday earnings c) Sunday earningsd) Total pay for week
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Now try Ex 8.3/8.4 Ch 8 Page 62 Commission & Overtime
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