Mathematics High School

Tori and Matias work as jewelers. Tori has an hourly wage of $24 and gets overtime for every hour she works over 40 hours. The overtime pay rate is 150% of the normal rate. Matias makes 5% commission on all jewelry he sells. Who earns more money in a week if Tori works 60 hours and Matias sells $21,000 worth of jewelry? Explain.

Answers

Answer 1

Tori earns more money.

How to find the commission rate?Add the sales income and the sales commission rate together to get the payable commission. A $10,000 product transaction would result in a $1,000 commission at a 10% commission rate.This is a pretty straightforward computation based on percentages. Simply take the selling price, multiply it by the commission rate, then divide the result by 100.Divide the base for that period by the appropriate commission rate to determine your commission for that period. For instance, if your commission rate is 5% and you generated $30,000 worth of sales between January 1 and January 15, you would multiply $30,000 by.05 to arrive at your $1,500 commission payout.

Given data :

Tori : $24/h; 150% OT

Calculate Tori's overtime (OT) pay

Convert OT rate to decimals --> 150% = 1.

Tori's OT wage is 1.5*$24 = $36

Tori worked for 20h OT. (60h-40h = 20h)

(Regular pay X regular hours worked) + (OT wage X OT hours worked)

= ($24 X 40h) + ($36 X 20h)

= $1680

Matias : 5% commission

Convert 5% to decimals --> 0.05

(Jewelry sold) X (commission rate)

= $21000 X 0.05

= $1050

Since $1680 > $1080, Tori earns more.

Learn more about commission rate refer to :

https://brainly.com/question/26283663

#SPJ1

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