13
Starter Starter Questions 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

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

Embed Size (px)

Citation preview

Page 1: 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

Starter QuestionsStarter Questions

Q1. How much should I get if I work15 hours at a rate of £7.50 per hour.

Q2. Find the missing angles

94o

60o

Page 2: 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

Learning IntentionLearning Intention

To explain how to work out wages when commission and overtime

is involved.

CommissionCommission

Page 3: 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

Money earned based on how much you sell. Usually expressed as a percentage.

CommissionCommission

Name some people who get commission

Car sales person

Double glazing sales person

Commission :

Page 4: 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

Example 1 :

Bob sells car. He is paid a commission of 5% on any carshe sells. Last week he sold £ 20 000 worth of cars. How much commission was he paid ?

CommissionCommission

5 ÷ 100 x £20 000 = £ 1 000

Commission :

10% = 20 000 ÷ 10= £2000

5% = 2000 ÷ 2 = £1000

Page 5: 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

CommissionCommissionExample 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

Page 6: 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

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)

Page 7: 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

4 x £12 = £48.004 x £12 = £48.004 hours Overtime is = 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 = Double time rate = £6 x 2£6 x 2 = £12= £12

Page 8: 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

5 x £16 = £80.005 x £16 = £80.005 hours overtime is = 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 x £8 = £320.0040 hours basic time is 40 hours basic time is = =

Total pay is = £320 + £80 = £400Total pay is = £320 + £80 = £400

Double time rate = Double time rate = £8 x 2£8 x 2 = £16= £16

Page 9: 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

Commission & OvertimeTime 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

Page 10: 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

Commission & OvertimeTime 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 = Time and a half rate rate = £8 x 1.5£8 x 1.5 = £12= £12

4 x £12 = £48.004 x £12 = £48.004 hours overtime is = 4 hours overtime is =

Page 11: 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

Commission & OvertimeTime and a half

Example

Fraser is a green keeper at the S Club in Fife. His basic hourly rateIs £12.50.

During a golf tournament, Fraser was required to work 18hours overtimeat time and a half.

How much was he paid for this?

Time and a half rate rate = Time and a half rate rate = £12.50 x 1.5£12.50 x 1.5= £18.75= £18.75

18 x £18.75 = £337.5018 x £18.75 = £337.5018 hours overtime is = 18 hours overtime is =

Page 12: 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

Commission & OvertimeTime 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.

Calculate a) basic earnings b) Saturday earningsc) Sunday earnings d) Total pay for week

Page 13: 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

Now try Ex 8.3/8.4Ch 8 Page 62

Commission & Overtime