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Write the percent formula.Write the percent formula.percent x whole = partpercent x whole = part
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What is 24% of 250?What is 24% of 250? 6060ExerciseExercise
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A merchant buys an item for $50 and sells it for $60. What is his markup rate?
A merchant buys an item for $50 and sells it for $60. What is his markup rate? 20%20%
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A merchant uses a markup rate of 12%. If he sells an item for $28, what was his cost?
A merchant uses a markup rate of 12%. If he sells an item for $28, what was his cost?
$25$25
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If a 5” x 7” photo is enlarged to 120%, what will the new dimensions be?
If a 5” x 7” photo is enlarged to 120%, what will the new dimensions be? 6” x 8.4”6” x 8.4”
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Commission – percent of a sale that is the salesperson’s salary
Commission – percent of a sale that is the salesperson’s salary
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Earnings – dollars of a sale that are the salesperson’s salary
Earnings – dollars of a sale that are the salesperson’s salary
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Find the earnings if the commission is 7% and the amount of sales is $3,750.
Find the earnings if the commission is 7% and the amount of sales is $3,750.
The earnings on the sales are $262.50.
The earnings on the sales are $262.50.
earnings = commission × salesearnings = commission × sales= 0.07(3,750)= 0.07(3,750)= 262.50= 262.50
Example 1Example 1
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Find the commission if $3,000 in sales earns a salesperson $270.
Find the commission if $3,000 in sales earns a salesperson $270.
The commission is 9%.The commission is 9%.
commission × sales = earningscommission × sales = earnings3,000c = 2703,000c = 2703,0003,000 3,0003,000
c = 0.09c = 0.09
Example 2Example 2
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Miss Kay receives a 6% commission for selling houses. If she earned $8,340 for the sale of a house, how much did the house sell for?
Miss Kay receives a 6% commission for selling houses. If she earned $8,340 for the sale of a house, how much did the house sell for?
The house sold for $139,000.The house sold for $139,000.
commission × sales = earningscommission × sales = earnings0.06s = 8,3400.06s = 8,3400.060.06 0.060.06
s = 139,000s = 139,000
Example 3Example 3
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Find the earnings if a person gets 6% commission on sales of $5,500.
Find the earnings if a person gets 6% commission on sales of $5,500. $330$330
ExampleExample
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Find the commission if a salesperson gets paid $500 on sales of $4,000.
Find the commission if a salesperson gets paid $500 on sales of $4,000. 12.5%12.5%
ExampleExample
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Find the sales if the commission is 8% and a salesperson earned $400.
Find the sales if the commission is 8% and a salesperson earned $400.
$5,000$5,000
ExampleExample
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If a car salesperson gets 40% of the profit, how much did she earn if she sold a car that cost the dealership $21,300 for $25,500?
If a car salesperson gets 40% of the profit, how much did she earn if she sold a car that cost the dealership $21,300 for $25,500? $1,680$1,680
ExampleExample
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Tip – income paid for a personal serviceTip – income paid for a personal service
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tip = percent × total billtip = percent × total bill
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How much of a tip should you leave at a restaurant if your bill is $34.75 and you want to leave a 15% tip? Round to the nearest nickel.
How much of a tip should you leave at a restaurant if your bill is $34.75 and you want to leave a 15% tip? Round to the nearest nickel.
≈ $5.20≈ $5.20
tip = percent x total billtip = percent x total bill= 0.15(34.75)= 0.15(34.75)= 5.2125= 5.2125
Example 4Example 4
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A hairdresser gave a $55 perm and received a $10 tip. What percent did she receive? Round to the nearest percent.
A hairdresser gave a $55 perm and received a $10 tip. What percent did she receive? Round to the nearest percent.
The hairdresser received about an 18% tip.
The hairdresser received about an 18% tip.
percent × total bill = tippercent × total bill = tip55p = 1055p = 105555 5555
p = 0.18p = 0.18 ≈ 0.18≈ 0.18
Example 5Example 5
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What percent did a waiter receive if he got a $5 tip on a $18.50 meal (to nearest percent)?
What percent did a waiter receive if he got a $5 tip on a $18.50 meal (to nearest percent)? 27%27%
ExampleExample
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How much, assuming a 15% rate, should someone tip a pizza delivery boy on four pizzas costing a total of $30?
How much, assuming a 15% rate, should someone tip a pizza delivery boy on four pizzas costing a total of $30?
$4.50$4.50
ExampleExample
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How much should someone tip a waitress on a meal of $42.50, assuming the tip is 15% (to the nearest quarter)?
How much should someone tip a waitress on a meal of $42.50, assuming the tip is 15% (to the nearest quarter)?
$6.50$6.50
ExampleExample
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How much per hour can a barber make if he is paid a 25% commission and can do four haircuts in an hour? Haircuts cost $15 and customers leave a 15% tip.
How much per hour can a barber make if he is paid a 25% commission and can do four haircuts in an hour? Haircuts cost $15 and customers leave a 15% tip.
$24$24
ExampleExample
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What is the actual cost of a $10 meal if you assume tax at 8% and a tip of 15% paid on the total price of the meal (which includes tax)?
What is the actual cost of a $10 meal if you assume tax at 8% and a tip of 15% paid on the total price of the meal (which includes tax)? $12.42$12.42
ExampleExample
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If a waitress gets $3/hr. and hopes to get 15% tips, how much can she make in a week? She works 4 hr. for lunch and 4 hr. for dinner for 6 days. She can expect about 50 customers for lunch, with the average cost of lunch being $7.50, and about 20 customers for dinner, with the average cost being $35.
If a waitress gets $3/hr. and hopes to get 15% tips, how much can she make in a week? She works 4 hr. for lunch and 4 hr. for dinner for 6 days. She can expect about 50 customers for lunch, with the average cost of lunch being $7.50, and about 20 customers for dinner, with the average cost being $35.
$1,111.50$1,111.50
ExampleExample
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Percent equation percent x whole = part
Discount equation x =
Markup equation x =
Commission equation x =
Tip equation x =