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1
Mental Math
1) What is 6% of $145.00?
2) Daisy bought a shirt for $22.00. The tax is 13%. What is the total cost of the shirt?
3) Add $456.78 + $233.55 + $87.55 =
4) Dave bought 500 pencils. The pencils were $2.55 for 50. What did he pay?
5) 56.55 42.70 =
6) A bag of oranges cost $ 7.20. If the bag held 12 oranges how much was each orange?
7) What is 15% of 88?
8) 15 x 13 =
9) Mark makes $8.75 an hour and time and a half for hours worked over 40 a week. If he worked 44 hours what is his gross pay?
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Lesson Review PAY
Work in pairs and do the following:
• List ten ways to (legally) earn money.
The money that you earn is known as your pay or INCOME.
• What is the difference between GROSS PAY and NET INCOME?
As part of your description of Gross and Net Pay you may have used the word "Deduction"
• What is a deduction? List at least ten.
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Commission
• Commission is a percent paid to an employee on goods sold, built or completed.
• When an employee recieves only a commission for his or her sales this is called "STRAIGHT COMMISSION"
• Things that are hard to sell (like an airplane) may have a higher commission• Things that are very expensive (like a house) may have a lower commission.
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Example 1
Ahmed makes a 15% commission of each television that he sells. He sells one TV for $1200.00, one TV for $750.00 and one TV for $1500.00. What are his total sales and what is his gross pay?
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Example 2
A realtor sells a house for $ 135,000. She recieves a commission of 3 1/2 percent for the sale. What is her commission?
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Assignment
Read page 1315
Do question 16 on page 18