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    Q2-W2-Study Note #2

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    Q2-W2-Study Note #2

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    11 views3 pages

    Q2-W2-Study Note #2

    Uploaded by

    Alexis De Leon

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    © All Rights Reserved
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    Download as pdf or txt
    of 3

    SECOND QUARTER - Study Note # 2

    APPLICATION OF PERCENT

    Percent of Increase and Decrease, Commission and Discount

    Percentage Increase and Decrease Formula

    The formulas for percentage increase and percentage decrease are the same. The general
    formula is:

    Percentage Change Formula


    If the percent change value is positive, the answer represents a percentage increase. The
    value can be written as a positive and identified as a percentage reduction if the value is
    negative.

    Example 1: Ann works in a supermarket for 10.00 per hour. If her pay is increased to 12.00,
    then what is her percent increase in pay?

    Analysis: When finding the percent increase, we take the absolute value of the difference
    and divide it by the original value. The resulting decimal is then converted to a percent.

    Solution:

    Answer: The percent increase in Ann's pay is 20%.


    Example 2: The staff at a company went from 40 to 29 employees. What is the percent
    decrease in staff?

    Analysis: When finding the percent decrease, we take the absolute value of the difference
    and divide it by the original value. The resulting decimal is then converted to a percent.

    Solution:

    Answer: There was a 27.5% decrease in staff.

    Solving Problems involving Commission and Discount

    Commission

    When you work for a salary, you receive the same amount of money each week or month.
    When you work for commission, you are paid a percentage of the total sales you complete.

    Commission = Commission rate × Sales

    Example: Joshua’s sales commission rate is 6%. What is the commission from the sale of
    650,750 worth of new car sales?
    Solution:

    Commission = Commission rate × Sales

    C = 6% × 650,750
    C = 0.06 × 650,750
    C = 39,045.00

    The commission is 39,045.00.

    Discount

    Suppose that the regular price of an item is 80, and the item is on sale at 25% off. Since 25%
    of 80 is 20, the sale price is 80 – 20, or 60. We call 80 the original, or marked price, 25% the
    rate of discount, 20 the discount, and 60 the sale price.

    Discount = Rate of discount × Original price

    Example:
    A sofa marked 4,000 is on sale at 20% off. What is the discount? What is the sale price?

    Solution:
    Discount = Rate of discount × Original price

    D = 20% × 4,000
    D = 0.20 × 4,000
    D = 800.00

    References: https://www.mathgoodies.com/lessons/percent/change
    https://learning.hccs.edu/faculty/larry.whittington/math0106/applications-of-percents-notes

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