

ALG1A 2.10 application of percents
Flashcard
•
Mathematics
•
9th - 12th Grade
•
Practice Problem
•
Hard
Wayground Content
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15 questions
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1.
FLASHCARD QUESTION
Front
What is a percent?
Back
A percent is a ratio expressed as a fraction of 100. It represents a part of a whole.
2.
FLASHCARD QUESTION
Front
How do you calculate a percentage of a number?
Back
To calculate a percentage of a number, multiply the number by the percentage (in decimal form). For example, to find 20% of 50, calculate 50 * 0.20 = 10.
3.
FLASHCARD QUESTION
Front
What is commission?
Back
Commission is a fee paid to an employee based on the sales they generate, usually expressed as a percentage of the sale.
4.
FLASHCARD QUESTION
Front
How do you calculate commission earned on a sale?
Back
To calculate commission, multiply the sale amount by the commission rate (in decimal form). For example, for a sale of $1,000 with a 5% commission, the commission is $1,000 * 0.05 = $50.
5.
FLASHCARD QUESTION
Front
What is simple interest?
Back
Simple interest is the interest calculated on the principal amount only, not on the interest accrued over time.
6.
FLASHCARD QUESTION
Front
What is the formula for calculating simple interest?
Back
The formula for simple interest is I = PRT, where I is the interest, P is the principal amount, R is the rate of interest (as a decimal), and T is the time in years.
7.
FLASHCARD QUESTION
Front
How do you find the total earnings of a salesperson with a base salary and commission?
Back
To find total earnings, add the base salary to the commission earned from sales. For example, if the base salary is $28,000 and commission is $3,000, total earnings = $28,000 + $3,000 = $31,000.
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