1. Tax, Tip, Commission
SB 11-2
Pages

2. tax Tax is something added onto the original bill. To calculate tax:
Multiply the total bill by the tax amount in decimal form.
Add the tax to the total bill

3. Example 1
A shirt costs $19.99, the tax rate is 6%. How much is the shirt after tax?
Tax amount = 6% 6% = .06
$19.99 (.06) =
$ (.06)= $1.20
2. $ $1.20 = $21.19

4. Example 2
A pair of jeans cost $49.95, the tax rate is 5%. Find the total cost of the jeans, after tax.
Tax amount = 5% 5% = .05
$49.95 (.05) =
$49.95 (.05)= $2.50
2. $ $2.50 = $52.45

5. Tip Tip is something added onto the original bill. To calculate tip:
Multiply the total bill by the tip amount in decimal form.
Add the tip to the total bill

6. Example 1 Total Bill = $46.25 Tip = 15% 15% = 0.15 $46.25 (.15) =
$46.25 (.15) = $6.94
bill tip
$ $6.94 = $53.19

7. Example 2 Total Bill = $64.97 Tip = 20% 20% = 0.20 $64.97 (.20) =
$64.97 (.20) = $12.99
bill tip
$ $12.99 = $77.96

8. Commission Commission is something added onto the original bill.
To calculate commission:
Determine the total of the sales
Multiply the percent and the total

9. Example 1
A realestate agent earns a commission when he or she sells a home. The commission is 5%. If the agent sells a $400,000, a $250,000 and a $300,000 house in one month, what is the commission for the month?
Determine the total of the sales.
400, , ,000 = $950,000
2. Multiply the percent by the total
0.05 ∙ 950,000 = $475, 000
Commission = $475,000

10. Example 2
A realtor sells a house for $460,000. If she earns 3% of the house’s price as a commission, how much is her commission?
Determine the total of the sales.
$460, 000
2. Multiply the percent by the total
0.03 ∙ 460,000 =
Commission = $13,800