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Percent and Problem Solving: Sales Tax, Commission, and Discount
Section 7.5 Percent and Problem Solving: Sales Tax, Commission, and Discount
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Sales Tax and Total Price
Sales tax = tax rate * purchase price Amount price = purchase price + sales tax
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Example What is the sales tax on a jacket prices at $150 of the sales tax rate is 5%
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Example The sales tax on the purchase price of a futon is $ If the tax rate is 5%, find the purchase price of the futon?
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Example You go shopping at Sherman Oaks Galleria, and purchase two $15 tops, a $50 pair of jeans and $20 pair of pants. If the sales tax in Sherman Oaks is 9.5%, what is the total amount you pay?
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Commission Commission = Commission Rate * Sales
Commission is a percent of the total sales.
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Example Rosie is a beauty consultant for a home cosmetics business. She is a paid commission rate of 12.8%. Find her commission if she sold $1638 in cosmetics last month?
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Example A real estate agent earned a commission of $5565 for selling a house. If his rate is 3%, find the selling price of the house.
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Discount and Sale Price
Amt of discount = discount * original price Sale price = original price – amt of discount
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Example A $300 fax machine is on sale for 15% off. Find the amount of discount and the sale price.
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Example A $4295 designer dress is on sale for 30% off. Find the amount of discount and the sale price.
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