Ex
AW 10
2.2 ALTERNATIVE WAYS TO EARN MONEY
REVIEW: TYPES OF EARNING
SELF-EMPLOYED: work for yourself rather than for an employer (often work on contract)
PIECEWORK: you are paid a set rate for an amount produced
COMMISSION: percentage paid for a business transaction (sale of goods)
CONTRACT: legal agreement outlines terms, conditions and payments for work to be done.
Often a schedule of payments payment at each stage of a job as it is completed.
EX. 1
A carpenter is paid on a piecework basis that
uses the point system below, where each point
represents $16.00. A carpenter must
calculate the points value of his work, then
invoice the company he works for.
Standard upper & lower cabinet
Larger cabinet (ie. pantry)
Toe kick
Crown moulding
1 point
2 points
½ point
½ point
How much will a carpenter get paid to install a kitchen with:
• 6 standard upper cabinets with crown moulding
• Pantry cabinet with crown moulding and a toe kick
• 5 standard lower cabinets each with a toe kick.
INVESTIGATE SELF-EMPLOYMENT AND PIECWORK
SELF EMPLOYED
ADVANTAGES
DISADVANTAGES
ADVANTAGES
Apprenticeship & Workplace Math 10
Section 2.2
PIECEWORK
DISADVANTAGES
Page 5
EX. 2 Jen is offered a 115 customer paper route that is 5 km long. Papers are delivered 5
days per week. Jen can complete her route in 45 min if she uses her skateboard or bike.
She is paid
for 1.5 h
even if she
finishes
delivering
in less time.
a) Determine her weekly earnings.
o Option 1: She is paid $6/h for 1.5 h per day.
o
Option 2: She is paid $.09 per paper delivered
o
Option 3: She is paid $50 per week.
b) She is curious to determine what the equivalent “hourly wage” is for:
Option 2
Option 3
EX. 3 Manjit is an aesthetician. She offers facials for $85.00 each. She sells skin care
products at an average mark up of 45%. If you spend more than $95.00 on skin care
products she gives a 20% discount on both the facial and the skin care products.
a) On Monday she gives 3 facials and sells one customer skin care products worth $125.00.
Calculate her gross earnings on Monday, without taking into account her losses.
b) How much profit did Manjit earn from the sale of the skin care products?
c) If everyone had paid full price how much more would Manjit have earned? Was offering
the discount worth it? Why or why not?
Apprenticeship & Workplace Math 10
Section 2.2
Page 6
EX. 4 Gwen works as a sales clerk at a clothing store where she earns a base salary of
$9.00/h plus a 15% commission on the price before taxes for each item she sells.
In an 8 hour shift she sells the following items. How much does she earn that day?
•
•
•
•
a suit for $625.00
a sweater for $95.00
3 T-shirts for $45 each
a raincoat for $225.
EX. 5 A painting contractor negotiates a contract with a homeowner to paint the siding of
their home at a rate of $30.00/h plus the cost of materials. If it takes six 8 hour days
to prepare and paint the siding, and uses 15 gallons of paint that costs $45 each.
a) What is the total value of the contract?
b) What percent of the contract is paint?
EX. 6 In a 40 hour work week Jagdish earns $800.00 as an autobody technician. If he only
works 35 hours one week, how much will he get paid. (Note: he is paid an hourly wage)
EX. 7 Jamie sells athletic products to fitness studios. He makes a base salary of $1000 semimonthly plus 15% commission on all sales. How many dollars worth of athletic products
will he need to sell in a year to have total earnings equal to $40 000?
ASSIGNMENT: 1) w/s 2.2
2) p. 69 #1-7, 8*
3) p. 71 PUZZLE IT OUT: A Weird Will
Apprenticeship & Workplace Math 10
Section 2.2
Page 7
Ex
AW 10
w/s 2.2 ALTERNATIVE WAYS TO EARN MONEY
Salary:
1. Barry has a salary of $50,000 /yr. What are his gross earnings if he is paid
a) monthly
b) semi-monthly
c) bi-weekly
d) weekly
Wage:
2. What are Lena’s gross earnings for the week. She works 31 hours at $7.75/hr and
collects $186 in tips (She only gets to keep 60% of her tips)
1a) $ 4 166.67
b) $ 2 083.33
c) $ 1 923.08
d) $ 961.54
2) $ 351.85
3) $ 2 880.42
4) A by $200
5) $1 970
3. Ken works 106 hours at the mill over 2 weeks. He is paid time and a half after 80 hours and
double time after 100 hours. What is his gross earnings for the 2 weeks if his regular hourly
wage is $23.61.
Commission:
4. Ken is offered a job as a car salesman. If the average sales for a car salesman are 80,000 .
Compare gross monthly earnings to determine the best payment option. By how much?
A. $800 monthly salary + 3.25% commission
B. 4% commission only
Graduated Commission:
5. Kelly works at a clothing store where she is paid $7.15/hr plus a commission (on weekly
sales)  2.5% on the first $1500 sales, and 4.5% on all sales over $1500. Her gross
earnings for a 35 hr week were $308.90. What were her sales that week?
Apprenticeship & Workplace Math 10
Section 2.2
Page 8