Download presentation

Presentation is loading. Please wait.

Published byOsborn Nicholson Modified over 6 years ago

1
Write the percent formula. percent x whole = part Exercise

2
What is 24% of 250? 60 Exercise

3
A merchant buys an item for $50 and sells it for $60. What is his markup rate? 20% Exercise

4
A merchant uses a markup rate of 12%. If he sells an item for $28, what was his cost? $25 Exercise

5
If a 5” x 7” photo is enlarged to 120%, what will the new dimensions be? 6” x 8.4” Exercise

6
Commission – percent of a sale that is the salesperson’s salary

7
Earnings – dollars of a sale that are the salesperson’s salary

8
Find the earnings if the commission is 7% and the amount of sales is $3,750. The earnings on the sales are $262.50. earnings = commission × sales = 0.07(3,750) = 262.50 Example 1

9
Find the commission if $3,000 in sales earns a salesperson $270. The commission is 9%. commission × sales = earnings 3,000c = 270 3,000 c = 0.09 Example 2

10
Miss Kay receives a 6% commission for selling houses. If she earned $8,340 for the sale of a house, how much did the house sell for? The house sold for $139,000. commission × sales = earnings 0.06s = 8,340 0.06 s = 139,000 Example 3

11
Find the earnings if a person gets 6% commission on sales of $5,500. $330 Example

12
Find the commission if a salesperson gets paid $500 on sales of $4,000. 12.5% Example

13
Find the sales if the commission is 8% and a salesperson earned $400. $5,000 Example

14
If a car salesperson gets 40% of the profit, how much did she earn if she sold a car that cost the dealership $21,300 for $25,500? $1,680 Example

15
Tip – income paid for a personal service

16
tip = percent × total bill

17
How much of a tip should you leave at a restaurant if your bill is $34.75 and you want to leave a 15% tip? Round to the nearest nickel. ≈ $5.20 tip = percent x total bill = 0.15(34.75) = 5.2125 Example 4

18
A hairdresser gave a $55 perm and received a $10 tip. What percent did she receive? Round to the nearest percent. The hairdresser received about an 18% tip. percent × total bill = tip 55p = 10 55 p = 0.18 ≈ 0.18 Example 5

19
What percent did a waiter receive if he got a $5 tip on a $18.50 meal (to nearest percent)? 27% Example

20
How much, assuming a 15% rate, should someone tip a pizza delivery boy on four pizzas costing a total of $30? $4.50 Example

21
How much should someone tip a waitress on a meal of $42.50, assuming the tip is 15% (to the nearest quarter)? $6.50 Example

22
How much per hour can a barber make if he is paid a 25% commission and can do four haircuts in an hour? Haircuts cost $15 and customers leave a 15% tip. $24 Example

23
What is the actual cost of a $10 meal if you assume tax at 8% and a tip of 15% paid on the total price of the meal (which includes tax)? $12.42 Example

24
If a waitress gets $3/hr. and hopes to get 15% tips, how much can she make in a week? She works 4 hr. for lunch and 4 hr. for dinner for 6 days. She can expect about 50 customers for lunch, with the average cost of lunch being $7.50, and about 20 customers for dinner, with the average cost being $35. $1,111.50 Example

25
Percent equation percentxwhole=part Discount equation x= Markup equation x= Commission equation x= Tip equationx=

Similar presentations

© 2022 SlidePlayer.com Inc.

All rights reserved.

To make this website work, we log user data and share it with processors. To use this website, you must agree to our Privacy Policy, including cookie policy.

Ads by Google