1/5-1/11 AMPS Percents - mostly money

Front

What is a percent?

Back

A percent is a ratio expressed as a fraction of 100. It represents a part of a whole.

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.

Front

What is commission?

Back

Commission is a fee paid to an employee based on the sales they make, usually expressed as a percentage of the sales amount.

Front

How do you calculate total earnings with hourly pay and commission?

Back

Total earnings = (Hourly wage * Hours worked) + (Commission rate * Total sales).

Front

What is a discount?

Back

A discount is a reduction in the price of a product or service, usually expressed as a percentage.

Front

How do you calculate the final price after a discount?

Back

Final price = Original price - (Original price * Discount rate).

Front

What is sales tax?

Back

Sales tax is a percentage added to the price of goods and services, collected by the seller and paid to the government.

Front

How do you calculate the total cost including tax?

Back

Total cost = Price + (Price * Sales tax rate).

Front

What is the formula for finding the percentage of a part compared to a whole?

Back

Percentage = (Part / Whole) * 100.

Front

If an item costs $50 and is on sale for 20% off, what is the sale price?

Back

Sale price = $50 - ($50 * 0.20) = $40.