Commission

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Lesson on commission I made for my 8th graders.

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Commission

  1. 1. Commission
  2. 2. What is a commission? <ul><li>A commission is a fee paid to a person who makes a sale. </li></ul><ul><li>The commission is usually a percent of the selling price. The percent is called the commission rate . </li></ul>commission  commission rate  total sales
  3. 3. Example 1 <ul><li>Carmen Pena works in an appliance store. She is paid a 5% commission rate on all appliances that she sells. What is her commission on the sale of a television set that costs $369? </li></ul>commission  commission rate  total sales 5%  369 .05 x 369 $18.45  Make sure you convert to a decimal!
  4. 4. Example 2 <ul><li> Suppose the commission rate is 8%. Find the commission on a $675 refrigerator. </li></ul>commission  commission rate  total sales 8%  675 .08 x 675 $54  Make sure you convert to a decimal!
  5. 5. Try This! <ul><li>commission rate: 5% </li></ul><ul><li>total sales: $200 </li></ul><ul><li>commission: __________ </li></ul>Commission x Sales 5% x 200 .05 x 200 = 10 commission rate: 6% total sales: $1,500 commission: __________ Commission x Sales 6% x 1500 .06 x 1500 = 90
  6. 6. <ul><li>Other salespeople are paid a commission plus a regular salary. Their total pay is a percent of the sales they make plus a salary. </li></ul>total pay  commission + salary
  7. 7. Example 3 <ul><li>Josh earns a weekly salary of $300 and a 6% commission on his sales. Last week his sales totaled $3,500. What was his total pay? </li></ul>Think: total pay, t  commission rate  total sales  salary 6% 3500 300   Make sure you convert to a decimal! = .06  3500 + 300 = 210 + 300 = 510 total pay, t
  8. 8. Try This! <ul><li>Commission rate: 3% </li></ul><ul><li>Total sales: $1800 </li></ul><ul><li>Salary: $250 </li></ul><ul><li>Total Pay: __________ </li></ul>Commission x Sales 3% x 1800 .03 x 1800 = 54 54 + 250 = $304 Commission x Sales 2% x 25000 .02 x 25000 = 500 500 + 400 = $900 Commission rate: 2% Total sales: $25,000 Salary: $400 Total Pay: __________
  9. 9. Finding the Commission Rate <ul><li>The commission on the sale of a $1,150 video camera is $69. What was the commission rate? </li></ul>What percent of 1150 is 69? Let r  commission rate. is of 69 1150  Commission Rate = 6% Make sure you convert to a percent! Remember!!
  10. 10. Try This! <ul><li>Total sales: $5000 </li></ul><ul><li>Commission Rate:______ </li></ul><ul><li>Commission: $250 </li></ul>Commission / Sales 250 / 5000 25 / 500 = 1/20 = 5% Total sales: $2800 Commission Rate:______ Commission: $700 Commission / Sales 700 / 2800 7 / 28 = ¼ = 25%
  11. 11. Finding the Selling Price <ul><li>The commission rate is 3% and the commission on the software sale is $18. What is the selling price? </li></ul>3 % of what number is 18? Remember!! is of % 100 = 18 x 3 100 = 3 x = 1800 x = 600 The selling price is $600
  12. 12. Try This! <ul><li>Total sales:________ </li></ul><ul><li>Commission Rate: 4% </li></ul><ul><li>Commission: $50 </li></ul>Total sales:________ Commission Rate: 5% Commission: $400 4x = 5000 x = 1250 5x = 40000 x = 8000 50 x 4 100 = 400 x 5 100 =

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