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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.

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Presentation on theme: "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."— Presentation transcript:

1 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?

2 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?

3 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?

4 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

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

6 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

7 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%

8 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

9 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

10 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

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?

12 Solution: $50,000 x 11%

13 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

14 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

15 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?

16 Solution: $350,000 x 0.005 =

17 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 0.005 = $1,750

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

19 Solution: $27,990 x 0.03 =

20 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

21 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?

22 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: $852. 50 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?

23 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: $852. 50 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

24 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?

25 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: $787.50 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?

26 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: $787.50 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

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

28 Solution: $1,137.50


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