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

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Presentation on theme: "Bell Work Jan 28 1) 2) Obj: I will use percents to determine sales tax, tips, and commissions."— Presentation transcript:

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

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3 Sales Tax = Tax Rate x Purchase Price
Finding Sales Tax To find sales tax, use the formula: Sales Tax = Tax Rate x Purchase Price Ex 1: Find the total cost for a purchase of $185 if the sales tax rate is 5.5%. t = x 185 t = t = 10.18 Total Cost = Cost + Tax = = $195.18

4 Sales Tax = Tax Rate x Purchase Price
Finding Sales Tax To find sales tax, use the formula: Sales Tax = Tax Rate x Purchase Price Ex 2: The price of a coat is $114 before sales tax. The sales tax is 7%. Find the total cost of the coat. t = 0.07 x 114 t = 7.98 Total Cost = Cost + Tax = = $121.98 The total cost of the coat is $

5 Estimating a Tip Step 1: Round the bill to the nearest dollar
Step 2: Find 10% of the bill Step 3: Find 5% of the bill (1/2 of the 10%) Step 4: Add steps 2 and 3 The tip is about $8.70. Ex 3: Estimate a 15% tip for a bill of $58.20 58.20 ≈ 58 0.1 x 58 = 5.8 𝟏 𝟐 𝐱 𝟓.𝟖=𝟐.𝟗 = 8.7

6 Estimating a Tip Ex 4: Estimate a 15% tip for a bill of $61.80
Step 1: Round the bill to the nearest dollar Step 2: Find 10% of the bill Step 3: Find 5% of the bill (1/2 of the 10%) Step 4: Add steps 2 and 3 61.80 ≈ 62 0.1 x 62= 6.2 𝟏 𝟐 𝐱 𝟔.𝟐=𝟑.𝟏 = 9.3 Ex 4: Estimate a 15% tip for a bill of $61.80 The tip is about $9.30.

7 Commission = Commission Rate x Sales
Finding a Commission To find a commission, use the formula: Commission = Commission Rate x Sales Ex 5: Find the commission on a $3,200 sale with a commission rate of 6%. c = 0.06 x 3200 c = 192 The commission is $192.

8 Commission = Commission Rate x Sales
Finding a Commission To find a commission, use the formula: Commission = Commission Rate x Sales Ex 6: 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 $1400. Total Earnings = salary + commission = c = x 1400 c = 49 My earnings for the week is $849.

9 Commission = Commission Rate x Sales
Finding a Commission To find a commission, use the formula: Commission = Commission Rate x Sales Ex 7: A store pays a 6% commission on the first $500 in sales and 8% on sales over $500. Find the commission on an $800 sale. c = 0.06 x x 300 c = c = The commission is $54.

10 EXIT TICKET Homework: pg 306 + # 1-10, 26-28
Suppose your boss owes you $800, plus a commission of 2.5% on a sale of $ How much does your boss owe you? What is the total cost of an item costing $35.99 with a 5% sales tax? Homework: pg # 1-10, 26-28


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