Calculating Tax, Tips, and Commission

Slides:

Advertisements

Similar presentations

Grade 8 Algebra1 Applications of Percents

Advertisements

Ratios * Of means to multiply Using percents  To calculate sales tax of an item, simply multiply the cost of the item by the tax rate.  Example: You.

8-6 Applications of Percents Course 3 Warm Up Warm Up Problem of the Day Problem of the Day Lesson Presentation Lesson Presentation.

HAWKES LEARNING SYSTEMS math courseware specialists Copyright © 2011 Hawkes Learning Systems. All rights reserved. Hawkes Learning Systems: Prealgebra.

In many states you pay sales tax on items you buy. This sales tax is a percent of the purchase price. A tax percent is also called a tax rate. A desk.

7 th Grade Math Ms. Richardson.  Before, we answered all types of percent questions using proportions.  However, when you are finding the percent of.

Write the percent formula. percent x whole = part Exercise.

Sales Tax And Tip. is determined by finding a certain percentage of a purchase price. It is added to your total bill when you make a purchase. Sales tax.

What would you like to do during a bonus class connect?

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.

Business Math Assignment Press F5 to begin to playing this slide show.

Finding Percent.

Applications of Percents

EXAMPLE 1 Solve an equation with a variable on one side Solve 4 5 x + 8 = x + 8 = x = 12 x = (12) 5 4 x = 15 Write original equation. Subtract.

Applications of Percent

Commission, Sales Tax, and Profit

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.

Percent Applications Unit Pre-Algebra Unit 7B. Here are some percent frameworks that will be helpful for you!  I = PRT Retail price = Wholesale price.

We use ratios to make comparisons between two things. Ratios can be written 3 ways. 1. As a fraction 3 5 We are comparing rectangles to triangles. 2.

Pre-Algebra 8.6 and 8.7 Applications of Percents.

WORD PROBLEMS - PERCENTS

Pre-Algebra HOMEWORK Page 423 #31-38 & Spiral Review (#39-45) Answers.

Applications of Percent

2.5 Application of Percents. Key words: –“of” means “multiply” –“is” means “= ” –“what number?” means “x” To convert a decimal number to %, move the decimal.

Application of Percents

5.4 Applications of Percent

of Decrease and Increase

Solve an equation with a variable on one side

2-8 Percents Lesson Presentation Lesson Quiz Holt Algebra 1.

Why??  Percents are all around us! Sales and discounts shopping Sales Tax Income Taxes Tips on restaurant bills Etc…  When doing problems with % remember.

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.

Algebra 2.9 Applications of Percents. Learning Targets Language Goal  Students will be able to use common applications of percents. Math Goal  Students.

Course Applications of Percents Warm Up Estimate % of out of % of out of % % Possible answers:

Percentage Change OCR Module 8. Change? An Increase A Decrease.

Bell Work Movie tickets used to cost $5, now cost $7. Find the percent of change. A percent of change tells how much a quantity has increased or decreased.

Warm Up Change to a decimal 1. 20% 2. 45% % 4. 2% Course Applications of Percents.02.

Copyright 2014 © W. Seth Hunter ConsumerMath.org L4.7 Commission From wages to salary to commission; earning money comes in many different ways. The more.

Tax, tip, and Markup Notes and examples.

Using Percent. Warm-up: Get a calculator Find the percent of each number. 1)25% of 200 2)22% of 40 3)63% of 89 4)112% of 24 5)Jenny sold 380 boxes of.

Homework 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.

Applications of Percents

Pre-Algebra 8-6 Applications of Percents 1. The lunch bill was $8, and you want to leave a 15% tip. How much should you tip? 2. The sales tax is 5.75%,

Review 2.8 Lesson Quiz: Part 1

NS1.7 Solve problems that involve discounts, markups, commissions, and profit and compute simple and compound interest. Also covered: NS1.3 California.

Percents In Algebra County. Things to remember: Of means multiply To convert a decimal to a percent, move the decimal two places to the right. To convert.

Applications of Percents

Percent Increase Mrs. Kuznia Math 8 Day 13. Percent Increase Examples of Percent Increase: Sales Tax Mark up Tips (gratuity)

Markup, Discount, Taxes, and Interest

Copyright © 2012, 2009, 2005, 2002 Pearson Education, Inc. Chapter 5 Percent.

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.

 Real estate agents often work for commission. A commission is a fee paid to a person who makes a sale. It is usually a percent of the selling price.

Percent Applications Sales Tax Tips Interest. is determined by finding a certain percentage of a purchase price. It is added to your total bill when you.

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.

Warm Up 1. Write 0.03 as a percent. 2. Write as a decimal.

Bell Work Jan 28 1) 2) Obj: I will use percents to determine sales tax, tips, and commissions.

 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.

SOLVING PROBLEMS INVOLVING TAX, TIP, OR DISCOUNT SOLVING FOR TOTAL PRICE OR SALE PRICE Tax, Tip, and Discount.

Using the Percent Equation

Percent Applications Sales Tax Tips Interest.

Do Now How much is 7% of $36? $2.52.

Bell Work From 5 to = 5 40% increase

Applications of Percents

Discount, sale price, tax, Tip

Tax, Tip, Commission SB 11-2 Pages

Commission Sales commissions are paid to employees or companies that sell merchandise in stores or by calling on customers. The commission is meant to.

Solve Linear Equations

Applications of Percent

Sales Tax And Tip.

Sales Tax, Tips, Discounts

Presentation transcript:

Calculating Tax, Tips, and Commission

Sales Tax – calculated by. finding a certain percent Sales Tax – calculated by finding a certain percent of the purchase price; the percentage answer is then added back to the original price to find the total cost

Tip – money given to someone. to show appreciation for Tip – money given to someone to show appreciation for a service provided (waiter, hair stylist, valet, etc.)

Commission – money paid to. an employee in addition Commission – money paid to an employee in addition to their salary; usually based on a percent they sell (car salesman, real estate agent, etc.)

Calculating Sales Tax: A cd costs $10.00. In the parish you live in the sales tax is 4%. What will be the total cost you pay with sales tax? Step One: Change the percent to a decimal 4% = .04 Step Two: Multiply the price and the decimal .04 • $10.00 = 0.40 (tax) Step Three: Add the tax back to original price 0.40 + 10.00 = $10.40

Calculating Sales Tax: A sweater costs $26.75. The store will add 7.5% sales tax to your purchase. What will be the total cost you pay with sales tax? Step One: Change the percent to a decimal 7.5% = .075 Step Two: Multiply the price and the decimal .075 • $26.75 = $2.01 (tax) Step Three: Add the tax back to original price 2.01 + 26.75 = $28.76

Calculating Tips: Step One: Step Two: Step Three: Last night our dinner costs $23.56. If we left our waiter an 18% tip, what was our total bill? Step One: Change the percent to a decimal 18% = .18 Step Two: Multiply the price and the decimal .18 • $23.56 = $4.24 (tip) Step Three: Add the tip back to original price 4.24 + 23.56 = $27.80

Calculating Tips: Step One: Step Two: Step Three: Our cab ride costs us $18.25. If we give the driver a 15% tip, what was our total bill? Step One: Change the percent to a decimal 15% = .15 Step Two: Multiply the price and the decimal .15 • $18.25 = $2.74 (tip) Step Three: Add the tip back to original price 2.74 + 18.25 = $20.99

Calculating Tips: Step One: Step Two: You treat a friend to lunch. The total cost of the food is $9.68. A 7% sales tax will be added and you want to give a 20% tip for excellent service. How much will you pay for lunch? Step One: Find the sales tax 7% = .07 .07 • 9.68 = 0.68 (tax) Step Two: Find the tip 20% = .20 .20 • $9.68 = $1.94 (tip)

Calculating Tips: Step Three: Add the tax and tip to the bill to find the total .68 (tax) + 1.94 (tip) + 9.68 (cost) = $12.30

Calculating Commission: A salesperson receives a salary of $650 each week, plus a commission of 4% of all sales. In one week, his sales are $1,250. What does the salesperson earn that week? Total Earnings = salary + commission Step One: Find the commission .04 • $1250 = $50.00 (commission)

Calculating Commission: A salesperson receives a salary of $650 each week, plus a commission of 4% of all sales. In one week, his sales are $1,250. What does the salesperson earn that week? Total Earnings = salary + commission Step Two: Add the commission to salary $50 + $650 = $700.00 (total earnings)