18
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 sales tax is 5.75%, and the shirt costs $20. What is the total cost of the shirt? 3. Sheridan has a yearly income of $39,650, and he is advised to invest $4500 every year. What percent of his income should he invest, to the nearest tenth of a percent? $21.15 $3237.60 11.3% 4. A grocery store earns 5% profit on all canned goods. If the store sold $1635 of canned goods, what was the profit? $81.75

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 sales

Embed Size (px)

Citation preview

Page 1: 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 sales

Homework1.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 sales tax is 5.75%, and the shirt costs $20. What is the total cost of the shirt?

3. Sheridan has a yearly income of $39,650, and he is advised to invest $4500 every year. What percent of his income should he invest, to the nearest tenth of a percent?

$21.15

$3237.60

11.3%

4. A grocery store earns 5% profit on all canned goods. If the store sold $1635 of canned goods, what was the profit? $81.75

Page 2: 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 sales

Warm UpEstimate.

1. 20% of 602

2. 133 out of 264

3. 151% of 78

4. 0.28 out of 0.95

120

50%

120

30%

Possible answers:

Page 3: 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 sales

A commission is a fee paid to a person who makes a sale. It is usually a percent of the selling price. This percent is called the commission rate.

commission ratecommission rate salessales = commissioncommission

Page 4: 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 sales

A real-estate agent is paid a monthly salary of $900 plus commission. Last month he sold one condominium for $65,000, earning a 4% commission on the sale. How much was his commission? What was his total pay last month?

Additional Example 1: Multiplying by Percents to Find Commission Amounts

First find his commission.

4% $65,000 = c commission rate sales = commission

0.04 65,000 = c Change the percentto a decimal.

2600 = c Solve for c.

Page 5: 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 sales

Additional Example 1 Continued

He earned a commission of $2600 on the sale.Now find his total pay for last month.

$2600 + $900 = $3500 commission + salary = total pay.

His total pay for last month was $3500.

A real-estate agent is paid a monthly salary of $900 plus commission. Last month he sold one condominium for $65,000, earning a 4% commission on the sale. How much was his commission? What was his total pay last month?

Page 6: 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 sales

A car sales agent is paid a monthly salary of $700 plus commission. Last month she sold one sports car for $50,000, earning a 5% commission on the sale. How much was her commission? What was her total pay last month?

Check It Out! Example 1

First find her commission.

5% $50,000 = c commission rate sales = commission

0.05 50,000 = c Change the percent to a decimal.

2500 = c Solve for c.

Page 7: 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 sales

Check It Out! Example 1 Continued

The agent earned a commission of $2500 on the sale.

Now find her total pay for last month.

$2500 + $700 = $3200 commission + salary = total pay.

Her total pay for last month was $3200.

A car sales agent is paid a monthly salary of $700 plus commission. Last month she sold one sports car for $50,000, earning a 5% commission on the sale. How much was her commission? What was her total pay last month?

Page 8: 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 sales

Sales tax is the tax on the sale of an item or service. It is a percent of the purchase price and is collected by the seller.

Page 9: 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 sales

If the sales tax rate is 6.75%, how much tax would Adrian pay if he bought two CDs at $16.99 each and one DVD for $36.29?

Additional Example 2: Multiplying by Percents to Find Sales Tax Amounts

CD: 2 at $16.99 $33.98

DVD: 1 at $36.29 $36.29

$70.27 Total Price

0.0675 70.27 = 4.743225 Write the tax rate as a decimal and multiply by the total price.

Adrian would pay $4.74 in sales tax.

Page 10: 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 sales

Check It Out! Example 2

Amy reserves a hotel room for $45 per night. She stays for two nights and pays a sales tax of 13%. How much tax did she pay?

$45 2 = $90 Find the total price for the hotel stay.

$90 0.13 = $11.70 Write the tax rate as a decimal and multiply by the total price.

Amy spent $11.70 on sales tax.

Page 11: 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 sales

Anna earns $1500 monthly. Of that, $114.75 is withheld for Social Security and Medicare. What percent of Anna’s earnings are withheld for Social Security and Medicare?

Additional Example 3: Using Proportions to Find the Percent of Earnings

Think: What percent of $1500 is $114.75?

Set up a proportion.114.75 1500

n100

=

n 1500 = 100 114.75 Find the cross products.

1500n = 11,475 Simplify.

Page 12: 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 sales

Additional Example 3 Continued

n = 7.65

7.65% of Anna’s earnings is withheld for Social Security and Medicare.

11,475 1500

n =

Simplify.

Divide both sides by 1500

Anna earns $1500 monthly. Of that, $114.75 is withheld for Social Security and Medicare. What percent of Anna’s earnings are withheld for Social Security and Medicare?

Page 13: 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 sales

BJ earns $2500 monthly. Of that, $500 is withheld for income tax. What percent of BJ’s earnings are withheld for income tax?

Check It Out! Example 3

Think: What percent of $2500 is $500?

Set up a proportion. 500 2500

n100

=

n 2500 = 100 500 Find the cross products.

n = 20

50,000 2500

n =

2500n = 50,000 Simplify.

Simplify.

Divide both sides by 2500.

20% of BJ’s earnings are withheld for income tax.

Page 14: 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 sales

A furniture store earns 30% profit on all sales. If total sales are $2790, what is the profit?

Additional Example 4A: Finding Profit and Total Sales

Think: What is 30% of 2790?

x = 0.30 2790 Set up an equation.

x = 837

The profit is $837.

Multiply.

Page 15: 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 sales

Think: 10,044 is 30% of what number?

Let s = total sales

10,044 = 0.30 s Set up an equation.

33,480 = s Simplify.

The total sales are $33,480.

A furniture store earns 30% profit on all sales. If the store earns $10,044, how much are the total sales?

Additional Example 4B: Finding Profit and Total Sales

10,044 0.30

= Divide each side by 0.30. 0.30s 0.30

Page 16: 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 sales

A retail store earns 40% profit on all sales. If total sales are $3320, what is the profit?

Check It Out! Example 4A

Think: What is 40% of 3320?

x = 0.40 3320 Set up an equation.

x = 1328

The profit is $1328.

Multiply.

Page 17: 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 sales

Think: 5,680 is 40% of what number?

Let s = total sales

5,680 = 0.40 s Set up an equation.

14,200 = s Simplify.

The total sales are $14,200.

A furniture store earns 40% profit on all sales. If the store earns $5,680, how much are the total sales?

Check It Out! Example 4B

5,680 0.40

= Divide each side by 0.04. 0.40s 0.40

Page 18: 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 sales

Homework1.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 sales tax is 5.75%, and the shirt costs $20. What is the total cost of the shirt?

3. Sheridan has a yearly income of $39,650, and he is advised to invest $4500 every year. What percent of his income should he invest, to the nearest tenth of a percent?

$21.15

$3237.60

11.3%

4. A grocery store earns 5% profit on all canned goods. If the store sold $1635 of canned goods, what was the profit? $81.75