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Chapter 6.6 Pre-Algebra Terms

AB
Commissiona fee paid to the person who makes a sale
make a saleto sell something
clerksalesperson
commission ratecommission as a % of sales price
cost of an item before taxsales price
a saleitems are offered for a lower price
sales taxan additional amount you have to pay for an item; it's a percent of the sales price
equation for Commission RateCommission Rate x Sales
EarningsHow much money you get for your work
Profithow much money you have left after your expenses (the things you have to buy)
sales tax ratethe percent of tax on items you buy
mark upadding more to the price of an item
discountsubtracting from the price of an item (similar to a sale)
tenths place.X
roundinglook next door, 5 or more add one more
thousandths place.00X
100ths place.0X
Tens placeX0.00
Ones placeX.0
1/3 as a decimal33.3 (repeating)
2/3 as a decimal66.6 (repeating)
4/5 as a percent80%
1/4 as a percent25%
1/5 as a percent20%
1/2 as a percent50%
1/2 as a decimal.5
4% as a decimal.04
5% as a decimal.05
7.75% as a decimal.0775
10% as a decimal.1
Find the sales tax amount on an item you want to buySales Tax = Price of Item x Sales Tax Rate (%)
Find the price of what you want to buy, including sales tax.Total Price = Sales Tax Amount + Price of Item

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