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Do Now 2/27/12

Do Now 2/27/12. Take out HW from Friday. Text p. 248, #7-20 all, 23-25 all Practice worksheet 6.4 & Punchline worksheet #99 Copy HW in your planner. Text p. 252, #5-14, 16 & 17 Quiz sections 6.4-6.6 Thursday Be ready to copy POTW #4. 7) 37.5% 8) 63.6% 9) 22.2% 10) 8.7% 11) $55.25

kylie-campbell
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Do Now 2/27/12

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  1. Do Now 2/27/12 • Take out HW from Friday. • Text p. 248, #7-20 all, 23-25 all • Practice worksheet 6.4 & Punchline worksheet #99 • Copy HW in your planner. • Text p. 252, #5-14, 16 & 17 • Quiz sections 6.4-6.6 Thursday • Be ready to copy POTW #4.

  2. 7) 37.5% 8) 63.6% 9) 22.2% 10) 8.7% 11) $55.25 12) $199.75 13) 100% 14) 4.8% 15) 43.6% 16) 69.2% 17) 30 18) 42 19) 56.25 gallons 20) $8.96 23) a. $41,500 b. $17,845 c. 80.7% 24) about 131.3% 25) about 8,506 trillion Btu HomeworkText p. 248, #7-20 all, 23-25 all

  3. 1) $13.35; $75.65 2) 40% decrease 3) $23.98; $35.97 4) 10% increase 5) $12.87; $26.13 6) $43.97; $35.98 7) $12,750 HomeworkSection 6.4 Practice worksheet

  4. G. 27.3% D. 21.4% O. 42.9% U. 10.5% L. 11.2% C. 6.1% B. 150% HomeworkPunchline worksheet #99 • E. 117.4% • Y. 75.9% • S. 165.2% • T. 16.6% • N. $9.22 • R. 60.9% • A. 8.2% • I. 33.3% (1) NUTS AND BOLTS (2) A CRYING SAUCER

  5. Shopping and Business Applications Manufacturer Price Sale Price Markup Original Price Retail Price Discount

  6. Markups A retailer (store) buys items from manufacturers at WHOLESALE PRICES. The retailer then sells those items to customers (you and me) at RETAIL PRICES. The increase in price from the WHOLESALE PRICE to the RETAIL PRICE is how a store makes money. This increase is called a MARKUP. Retail price = Wholesale price + Markup

  7. Discounts A decrease from the original price of an item to the sale price is a DISCOUNT. The discount is calculated using a percent of the original price. = – Sale price Original price Discount

  8. Objective • SWBAT find commission, sales tax, and percent of earnings

  9. Section 6.5 “Percent Applications” Percents can be applied to many everyday ordinary activities: 1) commission 2) tips 3) sales tax 4) percent of earnings 5) revenue and profit

  10. Commission a fee paid to a person who makes a sale Commission = Commission rate x Sales Car salesman Insurance salesman Stock/bond broker Real-estate agent Furniture salesman

  11. Finding a Commission A real-estate agent is paid a monthly salary of $900 plus commission. Last month she sold one apartment for $65,000 earning 4% commission on the sale. How much was her commission. How much money did she make in total for the month? = What is 4% of $65,000? Commission Commission rate Sales x = 4% x $65,000 or = $2,600 Total = Commission Salary + $2,600 + $900 = $3,500 =

  12. Finding a Commission Larry is paid a monthly salary of $2,100 plus commissions. Last month he sold one car for $39,500, earning 3% commission on the sale. How much was his commission. What was his total pay for the month? = What is 3% of $39,500? Commission Commission rate Sales x = 3% x $39,500 or = $1,185 Total = Commission Salary + $1,185 + $2,100 = $3,285 =

  13. Sales Tax and Tips SALES TAX is calculated using a percent of the purchase price. Sales Tax = Tax rate x Purchase price TIPS are calculated using a percent of the purchase price. TIPS are calculated ONLY on the food or service bill. Do not include sales tax when finding a tip. Tip = Tip % x Sales

  14. Sales Tax and Tips The bill for your restaurant meal is $22. You leave a 15% tip and the sales tax is 6%. How much of a tip did you leave the waitress? What is the total cost of your meal? Tip = Tip % x Sales = 15% x 22 Sales Tax = Tax rate x Purchase price = 6% x 22 Total cost Food bill + Sales tax + Tip = + + = $22 $1.32 $3.30 = $26.62

  15. Sales Tax If the sales tax rate is 7.75%, how much tax would Melanie pay if she bought a DVD player for $145.80 and two DVDs for $15.99 each? DVD player = $145.80 2 DVDs @ $15.99 = $31.98 Sales Tax = Tax rate x Purchase price = 0.0775 x $177.78 = $13.78

  16. Percent of Earnings Jorge earns $36,000 yearly. Of that, he pays $12,240 for rent. What percent of Jorge’s earnings goes to rent? $12,240 is what percent of $36,000? 34% of Jorge’s earnings goes to rent.

  17. Revenue and Profit Students wash cars to raise funds for class trips. The class made a profit of $326.60 from last Saturday’s car wash, which was 92% of its revenue. How much was the revenue for the car wash? $326.60 is 92% of what number? The revenue for the car wash was $355.

  18. Homework 24 Text p. 252, #5-14, 16 & 17

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