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Warm Up Estimate. 1. 20% of 602 out of 264 3. 151% of 78 out of 0.95

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Presentation on theme: "Warm Up Estimate. 1. 20% of 602 out of 264 3. 151% of 78 out of 0.95"— Presentation transcript:

1 Warm Up Estimate. 1. 20% of 602 out of 264 3. 151% of 78 out of 0.95 Possible answers: 120 50% 120 30%

2 commission rate  sales = commission
commission: a fee paid to a person who makes a sale. commission rate: a percent of the selling price. commission rate  sales = commission Often salespeople are paid a commission plus a regular salary.

3 Example 1: Finding Commission Amounts
A real-estate agent is paid a monthly salary of $900 plus commission. Last month he sold one condominium for $65,000, earning a 4% commission on the sale. How much was his commission? What was his total pay last month? commission rate  sales = commission 4%  $65,000 = c 0.04  65,000 = c 2600 = c commission + salary = total pay $ $900 = $3500

4 Sales tax: the tax on the sale of an item or service.

5 Example 2: Finding Sales Tax Amounts
If the sales tax rate is 6.75%, how much tax would Adrian pay if he bought two CDs at $16.99 each and one DVD for $36.29? CD: 2 at $ $33.98 DVD: 1 at $ $36.29 $70.27  = $4.74

6 Example 3: Finding the Percent of Earnings
Anna earns $1500 monthly. Of that, $ is withheld for Social Security and Medicare. What percent of Anna’s earnings are withheld for Social Security and Medicare? Think: What percent of $1500 is $114.75? 114.75 1500 n 100 = n  1500 = 100  1500n = 11,475 11,475 1500 n = n = 7.65 7.65%

7 Example 4: Finding Total Sales
A furniture sales associate earned $960 in commission in May. If his commission is 12% of sales, how much were his sales in May? Think: $960 is 12% of what number? Let s = total sales 960 = 0.12  s 960 0.12 = s 8000 = s $8000

8 Lesson Quiz 1. Every month, Gillian makes $1600 plus an 8.9% commission on sales. If her sales last month totaled $18,400, what was her total pay? 2. The sales tax is 5.75%, and the shirt costs $20. What is the total cost of the shirt? 3. Sheridan has a yearly income of $39,650, and he is advised to invest $4500 every year. What percent of his income should he invest, to the nearest tenth of a percent? 4. If you earn a 4% commission, how much would your total sales have to be to make a commission of $115? $ $21.15 11.3% $2875


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