Studied by 25 people
We are gonna solve for percent problems like commission, sales tax, total sales, commission rate, sale proceeds, and simple interest.co
commission, commission rate
A commission is a percentage of total sales as determined by the rate of commission. commission = rate of commission • total sales. To find the commission on a sale, multiply the rate of commission by the total sales.
sales tax
Sales tax is a tax charged by the government to raise money so it can provide public services. It is based on a certain percent of the price.
total sales
Number of items sold x Sales price.
simple interest
Simple interest is a technique used to calculate the proportion of interest paid on a sum over a set time period at a set rate.
sales proceed
SALES PROCEEDS are the sum of the service units (products, services) sold by a corporation within a particular period. The sales proceeds are calculated from the quantities sold multiplied by the sales price per unit within a particular period.
