2.2.4 Applications of Percent – Worksheet
Example 1:
1. A sales representative earns a 2.5% commission on sales. Find the commission earned when the total sales are $80,700.
2. Karen earns a salary of $28,600 per year plus a 4.25% commission on sales. Find her total salary for a year when the sales are $310,000.
Example 2:
3. Find the amount of simple interest earned after 2 years on $480 invested at a 7% annual interest rate.
4. Find the number of years it would take for $1200 to earn simple interest of $324 at an annual interest rate of 6% per year.
5. Find the total amount owed after 6 months on a loan of $900 at an annual interest rate of 8.5%.
Example 3:
6. Estimate the tip on a $42.65 check using a tip rate of 15%.
7. Estimate the tax on a $198 stereo when the sales tax is 5.25%.
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