Do Now 2/17/14 Take out HW from last Wednesday night. Take out HW from last Wednesday night....
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Do Now 2/17/14 Do Now 2/17/14 Take out HW from last Wednesday night. Take out HW from last Wednesday night. Practice worksheet 6.5, #1-8 Practice worksheet 6.5, #1-8 Copy HW in your planner. Copy HW in your planner. Practice worksheet 6.6 A, #1-12 except 12d Practice worksheet 6.6 A, #1-12 except 12d POTW #8 due tomorrow POTW #8 due tomorrow In your journal, answer the following. In your journal, answer the following. Deborah can choose between a monthly Deborah can choose between a monthly salary of $1800 plus 6.5% of sales or salary of $1800 plus 6.5% of sales or $2100 plus 4% of her sales. She expects $2100 plus 4% of her sales. She expects sales to be between $5,000 and $10,000 a sales to be between $5,000 and $10,000 a month. Which salary option should she month. Which salary option should she choose? Explain. choose? Explain.
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Transcript of Do Now 2/17/14 Take out HW from last Wednesday night. Take out HW from last Wednesday night....
Do Now 2/17/14Do Now 2/17/14 Take out HW from last Wednesday night.Take out HW from last Wednesday night.
Practice worksheet 6.5, #1-8Practice worksheet 6.5, #1-8
Copy HW in your planner.Copy HW in your planner. Practice worksheet 6.6 A, #1-12 except 12dPractice worksheet 6.6 A, #1-12 except 12d POTW #8 due tomorrowPOTW #8 due tomorrow
In your journal, answer the following. Deborah can In your journal, answer the following. Deborah can choose between a monthly salary of $1800 plus choose between a monthly salary of $1800 plus 6.5% of sales or $2100 plus 4% of her sales. She 6.5% of sales or $2100 plus 4% of her sales. She expects sales to be between $5,000 and $10,000 a expects sales to be between $5,000 and $10,000 a month. Which salary option should she choose? month. Which salary option should she choose? Explain.Explain.
Deborah can choose between a monthly salary of Deborah can choose between a monthly salary of $1800 plus 6.5% of sales or $2100 plus 4% of her sales. $1800 plus 6.5% of sales or $2100 plus 4% of her sales. She expects sales to be between $5,000 and $10,000 a She expects sales to be between $5,000 and $10,000 a
month. Which salary option should she choose? Explain.month. Which salary option should she choose? Explain.
$1,800 plus 6.5% of sales
What is 6.5% of $5,000?
100
5.6
000,5
a
What is 6.5% of $10,000?
100
5.6
000,10
a
Commission = $325
+ Salary = $1800
Total = $2,125
Commission = $650
+ Salary = $1800
Total = $2,450
She would make between $2,125 to $2,450.
What is 4% of $5,000?
100
4
000,5
a
What is 4% of $10,000?
100
4
000,10
a
Commission = $200
+ Salary = $2100
Total = $2,300
Commission = $400
+ Salary = $2100
She would make between $2,300 to $2,500.
$2,100 plus 4% of sales
Total = $2,500
HomeworkHomeworkSection 6.5 B Practice worksheetSection 6.5 B Practice worksheet
1)1)
2) 2)
3) 9%3) 9% 4) $30004) $3000 5) sales tax: $2.335) sales tax: $2.33
total cost: $38.18total cost: $38.18 6) Salesperson A: $7428.306) Salesperson A: $7428.30 7) 18%7) 18% 8) 57 games8) 57 games
ObjectiveObjective SWBAT practice finding percent of change, retail prices, sales SWBAT practice finding percent of change, retail prices, sales
prices, commission, sales tax, and percent of earnings prices, commission, sales tax, and percent of earnings
Section 6.5 “Percent Applications”Section 6.5 “Percent Applications”Percents can be applied to many Percents can be applied to many
everyday ordinary activities: everyday ordinary activities:
1) commission1) commission
2) tips2) tips
3) sales tax3) sales tax
4) percent of earnings4) percent of earnings
5) revenue and profit5) revenue and profit
6) manufacturer price and markups6) manufacturer price and markups
7) sale price and discounts7) sale price and discounts
Shopping and Business Shopping and Business ApplicationsApplications
ManufacturerManufacturerPricePrice
SaleSale
PricePriceOriginalOriginalPricePrice
RetailRetail
PricePriceDiscountDiscount
MarkupMarkup
MarkupsMarkups
A retailer (store) buys items from A retailer (store) buys items from manufacturers at manufacturers at WHOLESALE/ WHOLESALE/ MANUFACTURER PRICESMANUFACTURER PRICES. The retailer then . The retailer then sells those items to customers (you and me) sells those items to customers (you and me) at at RETAIL PRICESRETAIL PRICES. .
The increase in price from the The increase in price from the WHOLESALE PRICEWHOLESALE PRICE to the to the RETAIL PRICERETAIL PRICE is how is how a store makes money. This increase is called a store makes money. This increase is called a a MARKUPMARKUP. .
Retail priceRetail price == Wholesale / Wholesale / Manufacturer Manufacturer priceprice
+ + Amount of Amount of Increase Increase (Markup)(Markup)
MarkupsMarkupsModell’s buys Nike brand sneakers from the Nike Modell’s buys Nike brand sneakers from the Nike
manufacturer for $40. Modell’s then increases the price by manufacturer for $40. Modell’s then increases the price by 150%. What is the retail price?150%. What is the retail price?
Retail priceRetail price == Manufacturer / Manufacturer / Wholesale Wholesale priceprice
+ + Amount of Amount of IncreaseIncrease
== 4040 + +
== 4040 + + 6060
== $100$100
What is 150% of 40?
100
150
40
aor or (150% (150% ∙ ∙ 40)40)
also known as a also known as a
““MARKUP”MARKUP”
MarkupsMarkupsWinter Wonders buys snow globes from a Winter Wonders buys snow globes from a
manufacturer for $9.20 each sells them at a 95% increase in manufacturer for $9.20 each sells them at a 95% increase in price. What is the retail price?price. What is the retail price?
Retail priceRetail price == Manufacturer / Manufacturer / Wholesale Wholesale priceprice
+ + Amount of Amount of IncreaseIncrease
== 9.209.20 + +
== 9.209.20 + + 8.748.74
== $17.94$17.94
What is 95% of $9.20?
100
95
2.9
aor or (95% (95% ∙ $9.2∙ $9.20)0)
also known as a also known as a
““MARKUP”MARKUP”
DiscountsDiscounts
A decrease from the original price of an A decrease from the original price of an item to the sale price is a item to the sale price is a DISCOUNTDISCOUNT. The . The discount is calculated using a percent of the discount is calculated using a percent of the original price. original price.
Sale priceSale price == Original priceOriginal price – – Amount of Amount of Decrease Decrease (Discount)(Discount)
You buy a shirt that is on sale for 15% off You buy a shirt that is on sale for 15% off the original price of $25. What is the sale price?the original price of $25. What is the sale price?
== 2525 – – or (15% or (15% · 25)· 25)
== 2525 – – 3.753.75
== $21.25$21.25
Sale priceSale price ==Original Original priceprice – – Amount of Amount of
decreasedecrease
DiscountsDiscounts
also known as a also known as a
““DISCOUNT”DISCOUNT”
What is 15% of 25?
100
15
25
a
The regular price of an MP3 player is The regular price of an MP3 player is $79.99. This week the MP3 player is on sale $79.99. This week the MP3 player is on sale 25% off. What is the sale price?25% off. What is the sale price?
== 79.9979.99 – – or (25% or (25% · 79.99)· 79.99)
== 79.9979.99 – –
== $59.99$59.99
Sale priceSale price ==Original Original priceprice – – Amount of Amount of
decreasedecrease
DiscountsDiscounts
also known as a also known as a
““DISCOUNT”DISCOUNT”
What is 25% of 79.99?
100
25
99.79
a
$20.00$20.00
100
ratecommission
sales
commission
100
ratetip
bill
tip
100
ratetax
price
taxsales
Percent Application FormulasPercent Application Formulas
100
p
b
a
Percent Proportion
Sale priceSale price == Original priceOriginal price – – Amount of Decrease Amount of Decrease (Discount)(Discount)
Retail priceRetail price == Wholesale priceWholesale price + + Amount of Increase Amount of Increase (Markup)(Markup)
100
percent
revenue
profit
100
percent
earnings
part
HomeworkHomework Text p. 248, #11, 12, 19, 20Text p. 248, #11, 12, 19, 20 Text p. 252, #16 & 17 Text p. 252, #16 & 17
2424
Clock PartnersClock Partners
With your 4:00 partner, complete Punchline
worksheet #96 & Practice
worksheet 6.5.
Percent Application FormulasPercent Application Formulas
Sales TaxSales Tax == Tax rateTax rate x x Purchase pricePurchase price
TipTip == Tip %Tip % x x SalesSales
CommissionCommission == Commission rateCommission rate xx SalesSales
Sale priceSale price == Original priceOriginal price – – Amount of Decrease Amount of Decrease (Discount)(Discount)
Retail priceRetail price == Wholesale priceWholesale price + + Amount of Increase Amount of Increase (Markup)(Markup)
Percent of Percent of changechange 100
original
changeofamount==
100
p
b
a
Percent Proportion
IPA trPI
