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Step-by-step solution for: Percents - Sales Tax, Tips, and Commission - Notes, Task Cards ...
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Step-by-step solution for: Percents - Sales Tax, Tips, and Commission - Notes, Task Cards ...
The image you uploaded appears to be a worksheet or educational material focused on Sales Tax, Tips, and Commission. Below, I will outline the general concepts involved in these topics and provide explanations for solving problems related to them.
---
#### Definition:
Sales tax is a percentage of the purchase price that is added to the cost of goods or services as a tax imposed by the government.
#### Formula:
\[
\text{Total Cost} = \text{Original Price} + (\text{Original Price} \times \text{Tax Rate})
\]
or
\[
\text{Total Cost} = \text{Original Price} \times (1 + \text{Tax Rate})
\]
#### Example Problem:
If you bought a new laptop for $500 and the sales tax rate is 7%, what is the total amount you paid?
#### Solution:
1. Identify the original price: $500.
2. Identify the tax rate: 7% = 0.07.
3. Calculate the total cost:
\[
\text{Total Cost} = 500 \times (1 + 0.07) = 500 \times 1.07 = 535
\]
So, the total amount paid is $535.
---
#### Definition:
A tip is an additional amount of money given to someone who provides a service, typically as a percentage of the total bill.
#### Formula:
\[
\text{Tip Amount} = \text{Bill Amount} \times \text{Tip Rate}
\]
\[
\text{Total Bill with Tip} = \text{Bill Amount} + \text{Tip Amount}
\]
#### Example Problem:
You and two friends went out to dinner and the bill came to $120. You decided to leave a 15% tip. What is the total amount you paid?
#### Solution:
1. Identify the bill amount: $120.
2. Identify the tip rate: 15% = 0.15.
3. Calculate the tip amount:
\[
\text{Tip Amount} = 120 \times 0.15 = 18
\]
4. Calculate the total bill with tip:
\[
\text{Total Bill with Tip} = 120 + 18 = 138
\]
So, the total amount paid is $138.
---
#### Definition:
Commission is a fee paid to a person or company for performing a service, usually calculated as a percentage of the total sales or transaction value.
#### Formula:
\[
\text{Commission Amount} = \text{Sales Amount} \times \text{Commission Rate}
\]
#### Example Problem:
A furniture salesperson earns a 6% commission on all sales. If she sells a piece of furniture for $800, how much commission does she earn?
#### Solution:
1. Identify the sales amount: $800.
2. Identify the commission rate: 6% = 0.06.
3. Calculate the commission amount:
\[
\text{Commission Amount} = 800 \times 0.06 = 48
\]
So, the commission earned is $48.
---
1. Identify the Key Values:
- Original price or bill amount.
- Tax rate, tip rate, or commission rate.
2. Convert Percentages to Decimals:
- For example, 7% becomes 0.07.
3. Apply the Appropriate Formula:
- Use the formulas provided above based on whether you are calculating sales tax, tips, or commission.
4. Perform Calculations Carefully:
- Ensure you multiply correctly and add/subtract as needed.
5. Check Your Answer:
- Verify that your calculations make sense in the context of the problem.
---
- Sales Tax: Added to the original price.
- Tips: Added to the bill amount.
- Commission: Earned as a percentage of sales.
These concepts are fundamental in real-world financial transactions and help in understanding how percentages are applied in various scenarios.
If you have specific problems from the worksheet, feel free to share them, and I can solve them step-by-step!
Final Answer:
\boxed{\text{See explanations above for solving Sales Tax, Tips, and Commission problems.}}
---
1. Sales Tax
#### Definition:
Sales tax is a percentage of the purchase price that is added to the cost of goods or services as a tax imposed by the government.
#### Formula:
\[
\text{Total Cost} = \text{Original Price} + (\text{Original Price} \times \text{Tax Rate})
\]
or
\[
\text{Total Cost} = \text{Original Price} \times (1 + \text{Tax Rate})
\]
#### Example Problem:
If you bought a new laptop for $500 and the sales tax rate is 7%, what is the total amount you paid?
#### Solution:
1. Identify the original price: $500.
2. Identify the tax rate: 7% = 0.07.
3. Calculate the total cost:
\[
\text{Total Cost} = 500 \times (1 + 0.07) = 500 \times 1.07 = 535
\]
So, the total amount paid is $535.
---
2. Tips
#### Definition:
A tip is an additional amount of money given to someone who provides a service, typically as a percentage of the total bill.
#### Formula:
\[
\text{Tip Amount} = \text{Bill Amount} \times \text{Tip Rate}
\]
\[
\text{Total Bill with Tip} = \text{Bill Amount} + \text{Tip Amount}
\]
#### Example Problem:
You and two friends went out to dinner and the bill came to $120. You decided to leave a 15% tip. What is the total amount you paid?
#### Solution:
1. Identify the bill amount: $120.
2. Identify the tip rate: 15% = 0.15.
3. Calculate the tip amount:
\[
\text{Tip Amount} = 120 \times 0.15 = 18
\]
4. Calculate the total bill with tip:
\[
\text{Total Bill with Tip} = 120 + 18 = 138
\]
So, the total amount paid is $138.
---
3. Commission
#### Definition:
Commission is a fee paid to a person or company for performing a service, usually calculated as a percentage of the total sales or transaction value.
#### Formula:
\[
\text{Commission Amount} = \text{Sales Amount} \times \text{Commission Rate}
\]
#### Example Problem:
A furniture salesperson earns a 6% commission on all sales. If she sells a piece of furniture for $800, how much commission does she earn?
#### Solution:
1. Identify the sales amount: $800.
2. Identify the commission rate: 6% = 0.06.
3. Calculate the commission amount:
\[
\text{Commission Amount} = 800 \times 0.06 = 48
\]
So, the commission earned is $48.
---
General Steps to Solve Problems Involving Sales Tax, Tips, and Commission
1. Identify the Key Values:
- Original price or bill amount.
- Tax rate, tip rate, or commission rate.
2. Convert Percentages to Decimals:
- For example, 7% becomes 0.07.
3. Apply the Appropriate Formula:
- Use the formulas provided above based on whether you are calculating sales tax, tips, or commission.
4. Perform Calculations Carefully:
- Ensure you multiply correctly and add/subtract as needed.
5. Check Your Answer:
- Verify that your calculations make sense in the context of the problem.
---
Final Notes
- Sales Tax: Added to the original price.
- Tips: Added to the bill amount.
- Commission: Earned as a percentage of sales.
These concepts are fundamental in real-world financial transactions and help in understanding how percentages are applied in various scenarios.
If you have specific problems from the worksheet, feel free to share them, and I can solve them step-by-step!
Final Answer:
\boxed{\text{See explanations above for solving Sales Tax, Tips, and Commission problems.}}
Parent Tip: Review the logic above to help your child master the concept of sales tax worksheet 7th grade.