Lesson 7-12 for exercise sets. &KDSWHU 3UDFWLFH $FWLYLWLHVFind the commission.
1.6% commission on $25,000 in sales 2.6.2% commission on $48,200 in salesFind the rate of commission.
3.$1755 earned on $92,000 in sales 4.$4936 earned on $36,000 in salesFind the total sales.
5.$3480 earned with 10% commission rate 6.$720.76 earned with 3.7% commission rate7.Discuss and Write Explain how you would find a 3% commission for
an item sold at $7800. Then solve.You can find the total sales when you know the commission ($105) and
the commission rate (7%).Method 1 Write and Solve an Equationtotal sales Let TSthe total sales.TS Substitute the known values.TS Write 7% as a decimal, then divide.TS$1500So the amount of total sales is $1500.$105
0.07$105
7%commission
commission rateMethod 2 Write and Solve a Proportion105 • 100 7 TS Divide both sides by 7.150 0 TS7 TS
710,500
7Substitute the known
values, then cross multiply.7
100105
TScommission rate (%)
100commission
total sales (TS)You can write and solve an equation to compare commissions.
Ms. Spann sold a condominium for $380,000 at a commission rate of 9%.
Ms. Lee sold a condominium for $440,000 at a commission rate of 7.5%.
Which real estate agent earned a higher commission? How much higher?Ms. Spann’s commission:
commission commission rate • total sales
Let Cthe amount of commission.
C9% • $380,000C0.09• $380,000C$34,200Write 9% as a decimal,
then multiply.Substitute the
known values.Ms. Lee’s commission:
commission commission rate • total sales
Let Cthe amount of commission.
C7.5% • $440,000C0.075• $440,000C$33,000Write 7.5% as a
decimal, then multiply.Substitute the
known values.Subtract to find the difference in the two commissions: $34,200 $33,000 $1,200.So Ms. Spann’s commission was $1200 greater than Ms. Lee’s.