Percent Proportion: Commission and Fees Explained

The video tutorial covers the concept of proportions with a focus on percents. It explains how to round numbers to the nearest cent using a balloon analogy. The tutorial delves into percent proportions, comparing parts to wholes, and introduces commissions and fees as practical applications. Examples are provided to illustrate how to calculate commissions and fees using percent proportions.

What is the primary focus of the tutorial?

• Learning about fractions and decimals

• Solving algebraic equations

• Understanding geometric shapes

• Using proportional relationships to solve problems involving commissions and fees

When rounding to the nearest cent, how many decimal places should you consider?

• Four

• Three

• Two

• One

In the analogy used for rounding, what do the balloons represent?

• The threshold for rounding up

• The number of decimal places

• The total amount

• The value of the number being rounded

What does the percent proportion compare?

• Whole to part

• Part to whole

• New to old

• Original to new

What is another way to describe percent proportions?

• Old over new

• New over original

• Whole over part

• Part over new

What is a commission?

• A fixed salary

• A bonus for attendance

• Money earned from selling items

• A fee for services

If Jerry earns a 22% commission on $557.75 of sales, how much does she earn?

• $122.71

• $123.45

• $120.50

• $125.00

Adam earns $281.25 in commission from $1875 in sales. What is his commission rate?

• 20%

• 10%

• 15%

• 12%

What is a fee?

• A bonus for early payment

• A discount on a service

• A percentage of the total amount charged

• A fixed amount added to a bill

If John is charged a $24 late fee on a $300 bill, what is the fee percentage?

• 10%

• 8%

• 5%

• 12%