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Math7 Quater1 Week5

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15 views30 pages

Math7 Quater1 Week5

Uploaded by

castillokar808
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Let’s Review…

Guide Questions:
1. How do you solve the percentage increase
and the percentage decrease? Write the
formula on the board.
2. Can you explain the importance of
percentage increase and percentage
decrease in relation to money matters?
Learning Objectives:

 Define discounts, sale price, commission,


sales tax, and simple interests.

 Solve money problems involving


percentages on discounts and sale price
What Are These?

Shopee Lazada TikTok Shop


1. What do you feel when you see ads about
discounts/sales?
2. Do you consider this discounts when buying an
item from a certain store?
3. Can you immediately compute how much discount
can you get when you buy an item under
discount/sale?
4. How do you do it?
Let’s Unlock Terms
DISCOUNT It is the reduction in the original price of a
commodity (product or service).

SALE PRICE It is the final price at which a product or item is


sold to a customer after discounts have been
applied.

SELLING PRICE The amount of money that a company charges


for its product. It is the price that the customers
pay for buying a product without a discount. This
is also known as the original price.
FINDING THE
DISCOUNT AND SALE
PRICE OF AN ITEM
USING PERCENTAGE
Let’s Discuss

Formulas to find the discount and sale price

𝑫𝒊𝒔𝒄𝒐𝒖𝒏𝒕 = 𝑶𝒓𝒊𝒈𝒊𝒏𝒂𝒍 𝑷𝒓𝒊𝒄𝒆 × 𝑹𝒂𝒕𝒆


𝒐𝒇 𝑫𝒊𝒔𝒄𝒐𝒖𝒏𝒕

𝑺𝒂𝒍𝒆 𝑷𝒓𝒊𝒄𝒆 = 𝑶𝒓𝒊𝒈𝒊𝒏𝒂𝒍 𝑷𝒓𝒊𝒄𝒆 −


𝑫𝒊𝒔𝒄𝒐𝒖𝒏𝒕
Let’s Discuss
Example 1. Find the discount and the sale price of a t-
shirt that has an original price of ₱300 if the discount rate
is 25%.
Let’s Discuss
Example 2. A post says that a mathematics book is on
sale which costs ₱440 after a discount rate of 12% was
deducted. What is its original price?
Original Price = Sale Price/1−Discount Rate
Answer this at home!
Example 3. The first ten persons who will purchase a
refrigerator that originally costs ₱18,999 can avail a discount
of 38%. Mon Carlo was lucky to avail the item at its sale
price. Find how much he was able to save through the
discount and how much he was able to avail the refrigerator.

Example 4. During the pandemic, many Filipinos became


plantito/plantita. Reynalyn is one of them. She bought a
plant on its sale price of ₱328. She was given a discount
rate of 27%. How much was the discount given for her?
Let’s Review…
Imagine a situation wherein they have a friend
asking them for help to sell their motorcycle.
Would you be happy if they promised you to have
a 5% commission if you were able to look for a
buyer? How much do you think will you receive if
you have sold the motorcycle for ₱30,000? Do you
think this is a fair amount for you as a seller?
Today You Will Learn To:
1. Define commission and sales tax.
2. Solve money problems involving
percentages on commission and sales tax
Let’s Unlock Terms
Commission – it refers to the amount of money
earned by a person from selling
something.
Commission Rate – percent taken off from the
selling price of the item sold.
Sales Tax – commonly known as Value Added Tax
(VAT)
Solving For The
Commission And
The Sales Tax
Using Percentage
Let’s Discuss
Formula that will be used if the money problem involves

𝑪𝒐𝒎𝒎𝒊𝒔𝒔𝒊𝒐𝒏 = 𝑻𝒐𝒕𝒂𝒍 𝑺𝒂𝒍𝒆𝒔 ×


commission and sales tax.

𝑪𝒐𝒎𝒎𝒊𝒔𝒔𝒊𝒐𝒏 𝑹𝒂𝒕𝒆
𝑪𝒐𝒎𝒎𝒊𝒔𝒔𝒊𝒐𝒏 𝑹𝒂𝒕𝒆 =
𝑪𝒐𝒎𝒎𝒊𝒔𝒔𝒊𝒐𝒏/𝑻𝒐𝒕𝒂𝒍
𝑺𝒂𝒍𝒆𝒔 × 𝟏𝟎𝟎%
𝑺𝒂𝒍𝒆𝒔 𝑻𝒂𝒙 = 𝑻𝒐𝒕𝒂𝒍 𝑨𝒎𝒐𝒖𝒏𝒕 𝒐𝒇 𝑷𝒓𝒐𝒅𝒖𝒄𝒕 ×
𝑹𝒂𝒕𝒆 𝒐𝒇 𝑺𝒂𝒍𝒆𝒔 𝑻𝒂x
Let’s Discuss
Example 1. If your friend asked for your help to sell their
motorcycle and promised you to have a 5% commission
if you were able to look for a buyer. How much will you
receive if you have sold the motorcycle for ₱30,000?
Let’s Discuss
Example 2. What is the commission rate of Mr. Esguerra
if he received ₱8,995 from selling an appliance that costs
₱29,999?
Let’s Discuss
Example 3. A group of teachers decided to eat in a
restaurant. The meal costs ₱4550 plus a 12% VAT. How
much is the total amount they paid in the cashier?
Try this at home!
1. Mrs. Santos worked hard to earn 12% commission
from selling furniture. Find his commission if his total
sales for the month of September is ₱45,000.

2. John is checking out toys for his kids on an online


selling platform. He is asked to pay ₱2350 plus sales
tax of 8%. How much will he pay to check out the
item?
List down your allowance in a day and all your
expenses.
Questions:
1. How much money can you save in one day?
2. If you invest this money, how much interest
do you think it will earn in a year? 2 years? 5
years?
3. Do you know the formula which can help you
solve for the interest you can earn if you
invest money given the rate for a specific
period of time?
Today you will learn to:
1. Define terms related to simple interest;
2. Solve money problems involving
percentages on simple interest
Let’s Unlock Terms
Interest – the amount earned from investing or
borrowing money
Interest Rate – the percent of interest
Principal – the amount of money invested or
borrowed
Time – the length of time the money was invested
or the length of time the borrowed money
will be paid (in years)
Solving for
Simple Interest
Rate
Let’s Discuss

𝑰 = 𝑷𝒓𝒕
Formula for the simple interest rate (I).

where, 𝐼 − 𝑖𝑛𝑡𝑒𝑟𝑒𝑠𝑡
𝑃 − 𝑃𝑟𝑖𝑛𝑐𝑖𝑝𝑎𝑙 𝐴𝑚𝑜𝑢𝑛𝑡
𝑟 − 𝑟𝑎𝑡𝑒 𝑜𝑓 𝑖𝑛𝑡𝑒𝑟𝑒𝑠𝑡
𝑡 − 𝑡𝑖𝑚𝑒 (𝑖𝑛 𝑡𝑒𝑟𝑚𝑠 𝑜𝑓 𝑦𝑒𝑎𝑟)
Let’s Discuss
𝑰 = 𝑷𝒓𝒕
By manipulating this formula, you will have:

𝑃 = 𝐼/𝑟𝑡 – to find the Principal Amount


𝑟 = 𝐼/𝑃𝑡 – to find the rate of interest
𝑡 = 𝐼/𝑃𝑟 – to find the time
Let’s Discuss
Example 1. Manny decided to invest in a bank. How
much will he earn if he invested ₱10,000 for an interest
of 2% in one year?
Let’s Discuss
Example 2. How much principal must be invested to earn
₱5,000 in 6 years at an interest rate of 5%?
Let’s Discuss
Example 3. If a loan is taken out for ₱85,000 at 6% and
costs an interest of ₱20,400, how long was the loan for?
Let’s Try This at Home!
Nanay Aning borrowed money from a cooperative to start
a sari-sari store business. If the loan from the
cooperative is based on simple interest rate, find the
interest of her loan if she borrowed ₱35,500 with an
interest rate of 7% and will pay it within 3 years.
What Are Your Takeaways
1. What were the most important concepts
you learned?
2. What aspects of the topic were the most
challenging for you?
3. What questions do you still have about the
topic?

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