Question

Mark and joe work as jewels.Mark has an hourly wage of 24$ and gets overtime for every hour he works over 40 hours the overtime pay rate is 150% of the norma rate. Joe makes a 5% commission on all jewery that he sales who earns more if make workes 60 hours and joe sells 21000 worth of jewery

Answer 1

Mark earns more

Explanation:

We need to calculate the earnings of both.

Let's start with Mark

We know he worked for 60hours

He earns $24 per hour, his normal total earnings is 24 × 40= $960

Now, we know he would earn over time if he works more than 50 hours. The total overtime he worked is 60 hours - 40 hours = 20 hours overtime. He earns 150% of normal rate as overtime. This means 150/100 × 24 = $36.

Amount earned for overtime is thus = 20 × 36 = $720

His total earnings would be 720 + 960 = $1,680

Joe, sold $21,000 and we know he makes 5% commission off the jewelries. His earnings is thus ;

5% of 21,000 = 5/100 × 21,000 = $1050

Hence, Mark earns more