1. WARM UP Solve the following. 1)10% of 95 = 2) |32| - |-24| = 3) 92 - |-14|=

3. Commission is a fee paid for services, usually a percentage of the total cost. Jack’s Gallery sold Carole’s painting for $500 so Carole paid the gallery 10% commission. $500 x.10 = The total commission paid to the gallery is ____________________.

4. More commissions…. A car salesman makes 15% commission on his sales. Today he sold a car for $42,400. How much commission did he make? A jewelry store pays 13% commission on all sales. Last month, an employee sold $57,900 worth of jewelry. How much commission did the sales person make for the month? How much commission would be paid on sales of $ 124,500 at 10% commission?

5. What is interest? Is it free to borrow money? How much does it cost to borrow money?

6. Interest is how much is paid for the use of money. It is not free to borrow money, it costs money to borrow money. It cost different amounts to borrow from different places at different times. Interest is charged as a percentage of the amount borrowed.

8. Spent $215.15 Time is 1 year