The document covers concepts related to commissions, interest, markup, and sales tax, providing formulas and examples for calculation. It includes practical scenarios such as Mr. Bautista's and Mr. Cruz's sales commissions, Teresa's bank interest calculations, and pricing strategies with markup and sales tax. The document illustrates these financial concepts through various problems to facilitate understanding of earning and cost calculations.

1. Application of
Percent

2. Learning Target:
a. find the commission, rate of
commission, total sales, and other related
terms; and
b. solve word problems on commission,
rate of commission, total sales, and
other related terms.

3. is the amount
earned by a
person from
selling
Commission = Total Sales x Rate of Commission

4.  is the amount earned by a
person from selling
Mr. Bautista is a hard-working person. He
earns by selling appliances. The company
gives him 15% commission for all his sales.
If his total sales is 25 000, how much is the
₱
commission?
Commission = Total Sales x Rate of Commission

5.  is the amount earned by a
person from selling
Commission = Total Sales x Rate of Commission
Mr. Cruz sold a house and lot for
₱3 500 000 and was given a 6%
commission. How much did he get
from selling this property?

6. Mr. de los Santos gets ₱2 000 as
commission from selling a piece of
furniture worth ₱20 000.
What is the rate of commission?
Rate of Commission = Commission ÷ Total Sales

7. Given:
Rate of Commission = Commission ÷ Total Sales
Total Sales = ₱54 000
Commission = ₱8 100
Rate of Commission = ?

8. is the amount
earned from
depositing and
lending from a bank
INTEREST = Principal Amount x Rate of Interest x Time (Years)

9. INTEREST = Principal Amount x Rate of Interest x Time (Years)
In one month, Teresa saves ₱2 000 from the daily
allowances her parents give her. She plans to deposit
this in the bank. If the bank gives 7% simple interest in a
year, how much interest will her money earn in a year?

10. Given:
INTEREST = Principal Amount x Rate of Interest x Time (Years)
Principal Amount = ₱5 000
Rate = 5%
Interest = ?
Time = 6 months
INTEREST = Principal Amount x Rate of Interest x Time (Years)

12.  is the amount that is added to the cost
price of producing or purchasing an item.
Nelly spends ₱450 in making a bilao of puto. If
she will add a mark-up rate of 20% to the cost
price, what is the markup of a bilao of puto?
Markup = Original Cost x Markup Rate
Markup
Price

13.  is the amount that is added to the cost price
of producing or purchasing an item.
Nelly spends ₱450 in making a bilao of puto. If she
will add a mark-up rate of 20% to the cost price,
what is the markup of a bilao of puto?
What is the selling price of the bilao?
Selling Price = Original Cost + Markup
Markup
Price

14. Markup
Price
A refrigerator which cost ₱20 000 was
given a markup rate of 8%. What is the
selling price of the refrigerator?
Markup = Original Cost x Markup Rate
Selling Price = Original Cost + Markup

16. The bill for a dinner at a
restaurant is ₱850.00.
How much should be left
for 5% tip?

17. The bill for a dinner at a
restaurant is ₱850.00. How
much should be left for 5% tip?
₱42.50

18. Eleanor bought a dress worth
₱850.00. What is the total
price if she had to pay a sales
tax of 5% for the dress?

19. Eleanor bought a dress worth
₱850.00. What is the total price if
she had to pay a sales tax of 5% for
the dress?
₱892.50

20. The original selling price of a
stove was ₱5 980.00. This
price was increased by 20%.
What was the new selling
price?

21. The original selling price of a stove
was ₱5 980.00. This price was
increased by 20%. What was the new
selling price?
₱7 176.00

22. An office chair is on sale for
₱1 800.00. It originally costs
₱2 200.00. What is the
discount rate?

23. An electric fan was marked
₱950.00. Gerry bought the fan
at 25% discount. How much did
he pay for the fan?

24. An electric fan was marked
₱950.00. Gerry bought the fan at
25% discount. How much did he pay
for the fan?
₱712.50