Percent Vocabulary

Percentages in the World

Today, we are going to explore how percentages are used in different ways.

Open Ended

What are percentages commonly used for?

Calculating Discounts

• Discounts help customers save money on their purchases

Mastering Discounts

• Discounts are a common way to attract customers
• Calculate discounts using the formula: Discount = Original Price * Discount Rate
• Apply the discount by subtracting it from the original price
• Remember to convert percentages to decimals before calculations

Multiple Choice

These Jordans cost $340. They are on sale for 20% off. How much are they now?

• $34

• $272

• $68

• $300

Open Ended

Taxes are .....

Multiple Choice

What is California's statewide sales tax rate?

• 7.25%

• 8.25%

• 6.75%

• 7.50%

Multiple Choice

Which state doesn't have sales tax?

• Colorado

• Oregon

• Arizona

• Idaho

Markups

​Wholesale price: $15

Markup: 50%

Retail Price: $22.50

Profit: $7.50

Open Ended

What are some examples of products or items that are marked up for profit?

What is commission?

Commission is % earned from sales or services.

Multiple Choice

How much commission does a Toyota car salesman earn?

• 10%

• 15%

• 20%

• 25%

Poll

Do you understand how discounts, markups, taxes, and commission work?

• 1 (a little)

• 2 (sort of)

• 3 (Getting there)

• 4 (Yes)

Multiple Choice

How much commission does a Toyota car salesman earn?

• 10%

• 15%

• 20%

• 25%