POD 10 What is 25% of 248? x =.25 × 248 basic advanced x = 62 Lego Marvel Super Heroes was originally priced at $60. It now sells for $20. What is the percent of decrease in it’s price? 60 − 20 = The price decreased by 66.6% 40 ÷ 60 = 0.666
POD 11 What percent of 348 is 529? n × 348 = 529 basic advanced n = 1.52 Halo: The Master Chief Collection is originally priced at $60. It is on sale for 15% off. What is the selling price? s = % × original price The selling price is $51 S =.85 × %
POD 12 Find the interest I= p r t basic advanced I = 22,000 ×.0345 × 2 If Cole invests $8,000 in an account and earns $957 in 3 years, what is the interest rate? I = p r t 957 = 8,000 × r × 3 I = $1518 $22,000 loan, 3.45% interest rate, 2 years = r ÷3 319 = 8,000 × r ÷ %
Commissions and Fees Some jobs pay you a commission, a percent of the amount of your sales. To find a commission, use: commission = commission rate × sales Total earnings = salary + commission
Example 1: I do A sales agent earns a weekly salary of $650, plus a commission of 4% on all sales. His sales this week are $1,250. How much does he earn? c =.04 × $1250 t = $650 + $50 The total earnings are $700 commission = commission rate × sales c = 50 total earnings = salary + commission
Almost all states charge fees for various services. Some fees are flat rates, such as paying $15 for a fishing license. But other fees are percentages of some value.
Example 2: I do In one state the fee to register a medium weight truck is 1.5% of its assessed value. What is the fee to register a truck with an assessed value of $14,500? f =.015 × $14,500 The fee is $ fee = percent × whole f = $217.5
Whiteboard time Find the commission on a $3,200 sale with a rate of 6%. c =.06 × $3,200 c = $192 commission = commission rate × sales The commission is $192
Suppose you earn a weekly salary of $800 plus a commission of 3.5% on all sales. Find your earnings for a week with total sales of $1,400. c =.035 × $1400 t = $800 + $49 The total earnings are $849 commission = commission rate × sales c = 49 total earnings = salary + commission
All states charge a fee for using cell phones. In one state, the fee is 1.14% of the bill. What is the monthly fee for a $39.00 bill? f =.4446 f =.0114 × $39 fee = percent × whole The fee is $0.44