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Tax, Commission, Fees, and Other Real World Percent Applications

Tax, Commission, Fees, and Other Real World Percent Applications.

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Tax, Commission, Fees, and Other Real World Percent Applications

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  1. Tax, Commission, Fees, and Other Real World Percent Applications

  2. Christian’s mom works at the concession stand during sporting events. She told him they buy candy bars for $0.75 each and mark them up 40% to sell at the concession stand. What is the amount of the mark up? How much does the concession stand charge for each candy bar?

  3. Lee works selling electronics. He earns a 5% commission on each sale he makes. • If Lee wants to make $100 in commission, what is the dollar amount of electronics he must sell?

  4. The sports booster club sold candles as a fundraiser to support the new team. They earn a commission on their candle sales (which means they receive a certain percentage of the total dollar amount sold). If the club gets to keep 30% of the money from the candle sales, what would the club’s total sales have to be in order to make at least $500?

  5. Time to Pay the Bill • You are at your favorite restaurant celebrating a birthday and the bill comes. Yep, it’s your turn to pay. The total was 175.50. Because you are with a large group, you are required to leave a 20% tip. What is the total amount charged to your debit card?

  6. Jim is at Game Stop which is having a 30% off sale. He finds a game that normally sells for $50. If he receives the discount and pays tax at a rate of 7%, what is his total amount due?

  7. The district ordered 30 team uniforms and received a bill for $2,992.50. The total included a 5% discount. • a. The school needs to place another order for two more uniforms. The company said the discount will not apply because the discount only applies to orders of $1,000 or more. How much will the two uniforms cost? (hint: what was the cost of all 30 uniforms without the discount?)

  8. The school district does not have to pay the 8% sales tax on the $2,992.50 purchase. Estimate the amount of sales tax the district saved on the purchase. Explain how you arrived at your estimate.

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