Commission And Percents, Tax, Tip And Discounts
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A real estate agent earned a commission of $6875 for selling a house. If his rate is 2.5% find the selling price of the house. ___________________
About This Quiz
Explore calculations involving commission, tax, tips, and discounts in real-world scenarios. This quiz assesses skills in determining commissions from sales, calculating tips, and understanding discounts, enhancing financial literacy and practical mathematics proficiency.
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- 2.
John is selling sets of knives and makes 10% commission on all sales. What would his commission be on the sale of a $3250 set of knives? ________________
Explanation
John's commission is calculated by multiplying the sale amount by the commission rate (10%). In this case, the sale amount is $3250. Therefore, John's commission would be $325.00.Rate this question:
- 3.
A salesperson made $890.50 selling $6850 worth of electronic equipment. Find the commission rate. ____________________
Explanation
The commission rate can be found by dividing the amount of commission earned ($890.50) by the total sales ($6850) and then multiplying by 100 to convert it to a percentage. In this case, the calculation would be (890.50 / 6850) * 100 = 13.013%. Rounded to the nearest whole number, the commission rate is 13%.Rate this question:
- 4.
Another real estate agent sold a house for $315,000 last week. Is her commission is 1.25% of the selling price of the home, find the amount of her commission. _________________________
Explanation
The commission amount can be calculated by multiplying the selling price of the house ($315,000) by the commission rate (1.25%). This gives us $3,937.50.Rate this question:
- 5.
Danielle sells beauty supplies and earns a base salary of $450 per week plus a 9% commission on sales. During one particular week she sells $895 worth of beauty supplies. How much commission did she make for that week?
Explanation
During the week, Danielle sells $895 worth of beauty supplies. She earns a 9% commission on sales, so her commission for that week would be 9% of $895. To calculate this, we can multiply $895 by 0.09. This gives us $80.55. Therefore, Danielle made a commission of $80.55 for that week.Rate this question:
- 6.
Roberta makes $9 an hour plus a 12.5% commission selling jewelry. How much does she earn on an 8 hour shift in which she sells $380 worth of jewelry?
Explanation
Roberta earns $9 an hour plus a 12.5% commission on her sales. In an 8 hour shift, she makes $9 x 8 = $72 from her hourly wage. To calculate her commission, we need to find 12.5% of $380, which is (12.5/100) x $380 = $47.50. Therefore, her total earnings for the shift are $72 + $47.50 = $119.50.Rate this question:
- 7.
Kevin works as a salesperson at a store that specializes in custom made computers. He earns a base pay of $325 a week and a commission on his sales. If Kevin earned a total of $1125 last week, how much of it was commission?
Explanation
Kevin earned a total of $1125 last week, which includes his base pay of $325. To find out how much of it was commission, we subtract his base pay from the total amount earned: $1125 - $325 = $800. Therefore, $800 of Kevin's earnings last week was commission.Rate this question:
- 8.
Find the final price for the following: Cost of shoes: $29.95 Markup: 20% Tax: 2%
Explanation
Calculate the markup amount: $29.95 * 20% = $5.99
Add the markup to the original price: $29.95 + $5.99 = $35.94
Calculate the tax amount: $35.94 * 2% = $0.90 (rounded to the nearest cent)
Add the tax to the marked-up price: $35.94 + $0.90 = $36.84Rate this question:
- 9.
Find the cost of the following:Cost of a shirt: $14.95Markup: 25%Discount: 45%
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You go out to eat and your meal costs $67.35. You want to leave an 18% tip. How much do you leave total?
Explanation
To calculate the total amount to leave as a tip, we need to find 18% of the meal cost. Multiply $67.35 by 0.18 to get $12.12, which is the tip amount. Adding the meal cost and the tip, the total amount to leave would be $67.35 + $12.12 = $79.47.Rate this question:
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Current Version
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Nov 13, 2024Quiz Edited by
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Jan 20, 2015Quiz Created by
BkayG
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