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    Ratio, Proportion, and Percent: Slide 1

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    Manav Patel

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    Ratio, Proportion, and Percent: Slide 1

    Uploaded by

    Manav Patel
    25 views13 pages

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    mgdm4e_05_07

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    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    25 views13 pages

    Ratio, Proportion, and Percent: Slide 1

    Uploaded by

    Manav Patel

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 13

    Chapter5

    Chapter 2

    Ratio, Proportion,
    and Percent

    Copyright © 2020, 2015, and 2011 Pearson Education, Inc. Slide 1


    Section 5.7

    Percent and Problem


    Solving: Sales Tax,
    Commission, and
    Discount

    Copyright © 2020, 2015, and 2011 Pearson Education, Inc. Slide 2


    Objectives
    A. Calculate Sales Tax and Total Price.
    B. Calculate Commissions.
    C. Calculate Discount and Sale Price.

    Copyright © 2020, 2015, and 2011 Pearson Education, Inc. Slide 3


    Calculating Sales Tax and Total Price

    Sales Tax and Total Price

    sales tax = tax rate · purchase price

    total price = purchase price + sales tax

    Copyright © 2019, 2015, and 2011 Pearson Education, Inc. Slide 4


    Example 1
    A gold and diamond bracelet sells for $1800. Find the
    total price if the sales tax rate is 6.5%.
    sales tax tax rate purchase price

    sales tax = 6.5% · $1800


    = 0.065 · $1800
    = $117 Sales Tax
    $1800 + $117 = $1917 Total Price
    The total price for the bracelet was $1917.00
    Copyright © 2019, 2015, and 2011 Pearson Education, Inc. Slide 5
    Example 2
    The sales tax on an $18,500 automobile is $1665. Find
    the sales tax rate.
    Let r represent the unknown sales tax rate. Then
    sales tax = tax rate × purchase price
    1665 = r × 18,500

    1665 18,500r

    18,500 18,500
    0.09  r The sales tax rate is 9%.
    Copyright © 2020, 2015, and 2011 Pearson Education, Inc. Slide 6
    Calculating Commission

    Commission

    commission = commission rate · sales

    Copyright © 2019, 2015, and 2011 Pearson Education, Inc. Slide 7


    Example 3
    A sales representative for Office Product Copiers sold
    $47,632 worth of copy equipment and supplies last
    month. What is his commission for the month if he is paid
    a commission of 6.6% of his total sales for the month?
    Commission
    commission sales
    rate

    c = 0.066 · $47,632
    c  3143.712

    The commission is $3143.71.

    Copyright © 2019, 2015, and 2011 Pearson Education, Inc. Slide 8


    Example 4
    A salesperson earned a commission of $3575 for selling
    $32,500 worth of books to various bookstores. Find the
    commission rate.
    Commission
    commission sales
    rate

    $3575 = r · $32,500
    $3575
    r
    $32,500
    0.11  r
    The commission rate is 11%.

    Copyright © 2019, 2015, and 2011 Pearson Education, Inc. Slide 9


    Example: Commission Rate
    A salesperson earns $645 for selling $4300 worth of
    appliances. Find the commission rate.
    Let r represent the unknown commission rate.
    commission = commission rate  sales
    645 = r  4300

    645 4300r

    4300 4300
    0.15  r The commission rate is 15%.
    Copyright © 2020, 2015, and 2011 Pearson Education, Inc. Slide 10
    Calculating Discount and Sale Price

    Discount and Sale Price

    amount of discount = discount rate · original price


    sale price = original price · amount of discount

    Copyright © 2019, 2015, and 2011 Pearson Education, Inc. Slide 11


    Example 5
    A $2000 designer dress is on sale for 30% off. Find the
    discount and the sale price.
    amount of discount discount rate original price

    amount of discount = 30% · $2000


     0.3  $2000
     $600

    The discount is $600.

    Copyright © 2019, 2015, and 2011 Pearson Education, Inc. Slide 12


    Example 5: continued
    A $2000 designer dress is on sale for 30% off. Find the
    discount and the sale price.
    sale price Original price discount

    sale price = $2000 − $600


     $1400

    The sale price is $1400.

    Copyright © 2019, 2015, and 2011 Pearson Education, Inc. Slide 13

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