1. Under a modified wage plan, Jim Phillips works and eight hour day and earns $.50 for...

Question:

1. Under a modified wage plan, Jim Phillips works and eight hour day and earns $.50 for each finished unit he produces in excess of 200 units. However, he is guaranteed $12.50 per hour as a minimum wage. His production this week was as follows:
Monday 220 units
Tuesday 180 units
Wed 200 units
Thurs 200 units
Friday 190 units
What were Jim's TOTAL EARNINGS this week?
a. $500
b. 510
c. 495
d. 515