Math Example--Math of Money--Calculating Tips and Commissions--Example 9

Topic

The Math of Money

Description

Calculate an 8.5% sales commission on a $125,500 sale. The problem requires finding 8.5% of 125,500. To calculate the commission, multiply the sale amount (125,500) by the commission rate (0.085). Commission = 125,500 * 0.085 = 10,667.50. The answer is $10,667.50.

In general, the topic "The Math of Money" covers understanding the calculation of financial metrics like tips and commissions. Examples in this collection focus on real-world scenarios where these calculations are necessary, helping students grasp the mathematical principles involved.

Seeing multiple worked-out examples is critical for students. It ensures they understand different contexts and variations of the problem, reinforcing their comprehension and adaptability.

Teacher Script: "Look at this example. Suppose you earn a commission of 8.5% on a sale of $125,500. To calculate the commission, multiply the sale amount by the commission percentage (as a decimal). This way, you can quickly determine your earnings from this sale!"

For a complete collection of math examples related to The Math of Money click on this link: Math Examples: Calculating Tips and Commissions Collection.