<p> 2.7 Review – Earning Money</p><p>1. Match the term in the right hand column with the correct definition from the left. Definition Term 1. ____ pays the same amount for every hour you work A. Salary 2. ____ the amount paid per job or piece B. Hourly Rate 3. ____ pays a percent of the sales you make C. Piecework 4. ____ a set amount paid every week, month, or year D. Commission</p><p>2. Calculate Weekly Pay then Convert Among Monthly and Yearly Pay</p><p>Total Hours Hourly Wage Weekly Pay Monthly Pay Yearly Pay Worked in a Week =27x$10.25 =$14391/12 =$276.75x52 27 hrs. $10.25 = = </p><p>52 hrs. $15.25</p><p>13 hrs. $20.25</p><p>30.5 hrs. $16.00</p><p>3. Figure how many hours Steve worked each day. Write the number of hours in the blanks (Don't count the hour Steve has off for lunch on Saturday.)</p><p>Day Time Hours Monday 4:00 P.M. to 6:00 P.M. Tuesday 4:00 P.M. to 6:00 P.M. Wednesday 4:00 P.M. to 6:00 P.M. Thursday 4:00 P.M, to 6:00 P.M. Friday 4:00 P.M. to 6:00 P.M. Saturday 8:00 A.M. to 12:00 NOON 1:00 P.M. to 5:00 P.M Total Hours</p><p>4. Find 10% of each amount.</p><p> a) 10% of $37 = ______c) 10% of $289 = ______</p><p> b) 10% of $29 = ______d) 10% of $1695 = ______5. Express each percent as fraction and then as a decimal. a) 87% b) 12% c) 53% d) 62%</p><p> e) 52% f) 13.6% g) 11.5% h) 28.75%</p><p>6. Find each amount a) 12% of 60 b) 18% of $42.00 c) 5% of 260m</p><p> e) 21.5% of 2100 f) 4.5% of 130 kg g) 7.5% of 260</p><p>7. Calculate 10% of each amount. Round to the closest cent.</p><p> c) 10% of $1.50 = ______c) 10% of $14.95 = ______</p><p> d) 10% of $198.50 = ______d) 10% of $63.80 = ______</p><p>8. A salesperson from a furniture store receives a 6.5% commission. How much money will the salesperson earn after selling $1500.00 worth of furniture? 9. Julie is a beauty consultant for Pretty People Cosmetics. She is paid $250/week plus a commission of 38% of sales. Her sales for one 4-week interval are shown in the table. How much did she earn in the 4-week period?</p><p>Week 1 2 3 4 Amount of sales $734 $212 $1351 $776</p><p>10. Calculate the Actual pay for each job. Then calculate the hourly wage. Finally, write down the province/territory for which this wage would be minimum wage or higher.</p><p>Job Piecework Number Pay for the job Hours Hourly wage Wage of pieces completed worked completed a) Sewing $6/purse 53 purses 34 hours b) Warehouse $7.50/packed 26 packed 51 freight box boxes hours</p>