G9- MONEY PROBLEMS

Saving for the future

Photosynthesis

Gravity

The water cycle

Luke 12:15

2 Corinthians 9:7

Proverbs 22:7

Matthew 6:20

The borrower is the slave of the lender

The lender is the slave of the borrower

They are equal partners

The borrower is richer than the lender

Apply percent equations to solve real-world problems involving tips, commission, markups, and discounts

Solve real-world problems involving simple interest

Memorize Bible verses

Learn about ancient currencies

cost + markup = retail price

markup = markup rate × cost

cost × markup rate = retail price

retail price - cost = markup

Cost: the amount a merchant pays for merchandise

Markup: the amount added to cost to arrive at the retail price

Markup Rate: the markup expressed as a percent of the cost

Retail Price: the merchant’s cost plus markup; the regular price for customers

$67.20

$19.20

$53.20

$68.00

40%

25%

30%

50%

Sale Price = Retail Price - Discount

Sale Price = Discount Rate × Retail Price

Sale Price = (1 + Discount Rate) × Retail Price

Sale Price = Retail Price + Discount

Retail price = $175, Sale price = $122.50

Retail price = $150, Sale price = $97.50

Retail price = $200, Sale price = $147.50

Retail price = $175, Sale price = $150

20%

10%

15%

25%

A percentage of the bill paid for a personal service

The dollar amount an employee receives as a result of sales made

The percent used to determine a tip or commission

The total amount paid for a service

$10.15

$9.85

$8.75

$12.00

tip = tip rate × bill

commission = commission rate × sales

interest = principal × rate × time

tip = bill × commission rate

6%

7.5%

8%

12%