Sales Tax and Discount In a department store, a $40 dress is marked, "Save 25%." What is the discount? What is the sale price of the dress? In a bicycle.

Slides:



Advertisements
Similar presentations
Discount, Sales Tax , Tipping , Commission
Advertisements

Calculations In Everyday Contexts.
Wage Calculations.
Tax, Commission, Fees, and Other Real World Percent Applications
Calculations In Everyday Contexts.. Wage Rises Example 1. (a) The new annual wage. (b) The new monthly wage. Solution (a)The new annual wage = old wage.
 Work with a partner and complete the problem handed out to you regarding the prices of tennis racquets. › Recall what we learned in the previous lesson.
Markups and Discounts with Percents
Lesson 7.6: Markup and Discount
Commissions, Royalties, & Piecework Pay
Finding a percent of a number Textbook pages
Finding Percent.
Percentages. Finding p% of a number x More examples.
Percents A Percent is a ratio that compares a number to 100. The symbol for percent is %. You can write percents as fractions and decimals. 36% as a decimal.
Chapter 6: Ratios, Proportions, & Percents 6.9 Markup and Discount.
Bell Work Discount/Markup Sale Price $6 shirt 20% off _______ _______
Do Now 4/23/10 Take out HW from last night. Take out HW from last night. Practice worksheet 7.6 odds Practice worksheet 7.6 odds Copy HW in your planner.
Pre-Algebra 8.6 and 8.7 Applications of Percents.
WORD PROBLEMS - PERCENTS
of Decrease and Increase
Do Now 2/11/14 Take out your HW from last night. Take out your HW from last night. Text p. 245, #1-6 Text p. 245, #1-6 Copy HW in your planner. Copy HW.
Changing forms Basic % problems % Change % Applications Interest Final Jeopardy.
Do Now 2/21/12 Take out HW from last night. Take out HW from last night. Text p. 248, #7-16, 19 & 20 Text p. 248, #7-16, 19 & 20 Copy HW in your planner.
Sales Tax, Discounts, and Commissions Section 6.7.
Markup and Discount 6.5. markup Markup = (% of markup) (store’s cost)
The Sweater Shack is offering a 20% discount on sweaters
Markup and Discount 6.9. markup Markup = (% of markup) (store’s cost) Turn the percent into a decimal or fraction.
Warm Up Change to a decimal 1. 20% 2. 45% % 4. 2% Course Applications of Percents.02.
Calculating Tax, Tips, and Commission
Commission SWBAT find the amount of commission; find the commission rate; find the total sales; compare commissions when the total sales and commissions.
Percent Applications.
1.7 Stock Transaction Fees.  Shares of stock can only be purchased through a licensed stockbroker They also give investors advice  Stockbrokers charge.
A item is marked 25% off and then you are given an additional discount of 10%. What will you pay? Are receiving a total of 35% off? Explain why or why.
Jeopardy Q $100 Q $100 Q $100 Q $100 Q $100 Q $200 Q $200 Q $200
Target I can understand Markups and Discounts.
SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 1- 6, Slide 1 of Section Objective Calculate: straight commission Determine: gross pay.
In a department store, a $40 dress is marked, "Save 25%
What is Commission? It’s usually given as a percent. Sometimes, it is the only pay a sales person earns!
Scroll to next slide to modify the game board This is a template for you to use in your classroom. These notes will not appear on the actual slide show.
PERCENTAGES 1. Percentage means parts of 100. To change a fraction or decimal to a percentage, multiply by 100. Example Write abas percentages. a b.
Markup and Discount 6.6. markup Markup = (% of markup) (store’s cost)
Markup, Discount, Taxes, and Interest
A store pays $1.50 for a bag of candy. If the store wants to mark-up the price 60%, how much will the store sell the bag of candy for? 100% = $ %
What is Commission? It’s usually given as a percent. Sometimes, it is the only pay a sales person earns!
SB-Lesson 12.1: Markup and Discount Terminology Selling Price - The price retailers charge customers Cost - The price retailers pay to a manufacturer.
Sales Tax, Discount, Commission with a little bit of Interest Ms. Robbins 2010.
Commissions & Taxes 8 th Grade Math. Vocabulary Percent Applications Hangman.
7 th Grade Review Percents. Find the percent of change. 20 is increased to %
MEANING OF PERCENT A ratio of a number to 100 is called a percent. Percent means per hundred, and is represented by the symbol %. Any ratio with 100 as.
Commission is a fee paid for services, usually a percentage of the total cost. Jack’s Gallery sold Carole’s painting for $500 so Carole paid the gallery.
Commission DO NOW… A real estate broker charges a 6% commission. Find the commission on a house selling for $268,500.
WARM UP Solve the following. 1)10% of 95 = 2) |32| - |-24| = 3) 92 - |-14|=
Math in Our World Section 8.6 Stocks and Bonds.
MATHO!!! (Math Bingo) Real World Applications of Percents (Percent of Change, Sales Tax, Tips, Markup, Discount, Simple Interest)
Find the percent of increase or decrease to the nearest percent. 1.) From 1 to ) From 162 to ) From 16 to 22 1 – = 38% D 177 – 162.
Lesson 2: Types of Income. Objectives: Identify sources of income. Identify various forms of income. Determine how the average wage or salary for different.
Markup – the amount of money a store increases the price of the goods above what they pay for it. Wholesale price – the amount of money a store pays for.
Review Game Show Fraction and %’s Finding Percents.
 Work with a partner and complete the problem handed out to you regarding the prices of tennis racquets. › Recall what we learned in the previous lesson.
Commission and Graduated Commission
Using the Percent Equation
Do Now How much is 7% of $36? $2.52.
Markup Stores buy items from a wholesaler or distributer and increase the price when they sell the items to consumers. The increase in price provides money.
Tax, Tip, Commission SB 11-2 Pages
Lesson 7.6: Markup and Discount
Percent and Problem Solving: Sales Tax, Commission, and Discount
7.1.2 Discounts, Markup, Commission Cronnelly.
Markup and Discount Calculate given percentages of quantities and solve problems involving discounts at sales, interest earned, and tips. Objective:-Students.
Commission Sales commissions are paid to employees or companies that sell merchandise in stores or by calling on customers. The commission is meant to.
Example A: A store advertises the following sale: shoes are 1 4 off the original price. If a pair of shoes normally costs $40, what is the sales price?
Unit 6. Day 16..
Presentation transcript:

Sales Tax and Discount In a department store, a $40 dress is marked, "Save 25%." What is the discount? What is the sale price of the dress? In a bicycle store, a $500 bicycle is marked, "Get a 30% discount." What is the sale price of the bicycle? If the sales tax rate is 6% in Cobb County, then how much would you pay in Powder Springs for a pair of shoes that cost $39.00?

Sales Tax and Discount In a department store, a $40 dress is marked, "Save 25%." What is the discount? What is the sale price of the dress? Solution: $40 x.25 = $30 In a bicycle store, a $500 bicycle is marked, "Get a 30% discount." What is the sale price of the bicycle? If the sales tax rate is 6% in Cobb County, then how much would you pay in Powder Springs for a pair of shoes that cost $39.00?

Sales Tax and Discount In a department store, a $40 dress is marked, "Save 25%." What is the discount? What is the sale price of the dress? Solution: $40 x.25 = $30 In a bicycle store, a $500 bicycle is marked, "Get a 30% discount." What is the sale price of the bicycle? Solution: $500 x.30 = $350 If the sales tax rate is 6% in Cobb County, then how much would you pay in Powder Springs for a pair of shoes that cost $39.00?

Sales Tax and Discount In a department store, a $40 dress is marked, "Save 25%." What is the discount? What is the sale price of the dress? Solution: $40 x.25 = $30 In a bicycle store, a $500 bicycle is marked, "Get a 30% discount." What is the sale price of the bicycle? Solution: $500 x.30 = $350 If the sales tax rate is 6% in Cobb County, then how much would you pay in Powder Springs for a pair of shoes that cost $39.00? Solution: $41.34

Discount Answers for Homework A.Skates - $54Skis - $180 B.Skates - $48Skis - $160 C.Skates - $45Skis - $150 D.Skates - $42Skis - $140

Sales Commission Commission is an amount of money paid to an employee or company as an incentive to sell more. A straight commission is a percentage of sales. Commission = Percent x Selling Price

The Stettnisch family's house was sold for $300,000. How much money will they have after they pay their real estate agent a 5% commission? Solution: $300,000 x 5%

The Stettnisch family's house was sold for $300,000. How much money will they have after they pay their real estate agent a 5% commission? Solution: $300,000 x 0.05

The Stettnisch family's house was sold for $300,000. How much money will they have after they pay their real estate agent a 5% commission? Solution: $300,000 x 0.05 = $15,000

The Stettnisch family's house was sold for $300,000. How much money will they have after they pay their real estate agent a 5% commission? Solution: $300,000 x 0.05 = $15,000 $300,000 - $15,000 = $285,000

A stock broker receives a commission of 11% for selling annuities to her clients. If she sells $50,000 in annuities, how much commission will she earn?

Solution: $50,000 x 11%

A stock broker receives a commission of 11% for selling annuities to her clients. If she sells $50,000 in annuities, how much commission will she earn? Solution: $50,000 x 0.11

A stock broker receives a commission of 11% for selling annuities to her clients. If she sells $50,000 in annuities, how much commission will she earn? Solution: $50,000 x 0.11 = $5,500

The Jones family purchases $350,000 in life insurance from an insurance broker. How much will they pay the insurance broker if she charges a 0.5% commission?

Solution: $350,000 x =

The Jones family purchases $350,000 in life insurance from an insurance broker. How much will they pay the insurance broker if she charges a 0.5% commission? Solution: $350,000 x = $1,750

A car salesman earns a 3% commission on sales. If he sells a car for $27,990, how much commission will he earn?

Solution: $27,990 x 0.03 =

A car salesman earns a 3% commission on sales. If he sells a car for $27,990, how much commission will he earn? Solution: $27,990 x 0.03 = $839.70

A computer salesman earns a 5.5% commission on each sale. If he sells 5 computers in one week for a total of $15,500, how much commission does he earn? The Chen family sold their house through a real estate agent for $330,000. If the real estate agent gets a 4.5% commission, how much will the Chen family have to pay her?

A computer salesman earns a 5.5% commission on each sale. If he sells 5 computers in one week for a total of $15,500, how much commission does he earn? Solution: $ The Chen family sold their house through a real estate agent for $330,000. If the real estate agent gets a 4.5% commission, how much will the Chen family have to pay her?

A computer salesman earns a 5.5% commission on each sale. If he sells 5 computers in one week for a total of $15,500, how much commission does he earn? Solution: $ The Chen family sold their house through a real estate agent for $330,000. If the real estate agent gets a 4.5% commission, how much will the Chen family have to pay her? Solution: $14,850

A pharmaceutical sales rep receives an 3.5% commission for selling medication to physicians. If he sells $22,500 of medication, then how much commission will he earn? A department store pays an interior designer a 25% commission for sales. How much will the department store have to pay the interior designer if her weekly sales are $1,875?

A pharmaceutical sales rep receives an 3.5% commission for selling medication to physicians. If he sells $22,500 of medication, then how much commission will he earn? Solution: $ A department store pays an interior designer a 25% commission for sales. How much will the department store have to pay the interior designer if her weekly sales are $1,875?

A pharmaceutical sales rep receives an 3.5% commission for selling medication to physicians. If he sells $22,500 of medication, then how much commission will he earn? Solution: $ A department store pays an interior designer a 25% commission for sales. How much will the department store have to pay the interior designer if her weekly sales are $1,875? Solution: $468.75

A wholesale food rep earns a 3.25% commission on sales. If her annual sales is $35,000, how much commission will she earn?

Solution: $1,137.50