2.5 – Percents in Business Textbook pg. 137 Objective:

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2.5 – Percents in Business Textbook pg. 137 Objective: The student will solve percent problems using proportions in order to apply percents to everyday scenarios.

tip: extra money earned; percent of total bill discount: money taken off; percent of total cost commission: extra money earned; percent of sales in addition to regular pay 1) If the dinner check is $67.00, what would a 15% tip be? What will be the total cost of dinner?

2) A pair of shoes is $32. 50, but is marked as 20% off 2) A pair of shoes is $32.50, but is marked as 20% off. What is the actual price of the shoes before tax? 3) Mrs. Shreeve works at a flooring company and earns a base salary of $42,000 plus 1.5% commission of her sales. Her total sales last year were $700,000. Find her total pay for last year.

I = Prt Simple Interest Formula 4) Find the simple interest earned by the bank for 2 years on a $900 loan at 16% interest per year. 5) After 3 months the simple interest earned on a $7000 investment was $63. What is the interest rate? Time (in years) Simple interest earned ($) Principal (starting value $) Interest rate (decimal form)

Name Date Period 2. 5 HW – pg. 141 #21, 29, 30, 38, 49, 50 Name Date Period 2.5 HW – pg. 141 #21, 29, 30, 38, 49, 50 *You are allowed to use a calculator*