How to Calculate Commissions Using Percents

How to Calculate Commissions Using Percents Percent  means per 100 or of each hundred. In other words, a percent is a value divided by 100 or a  ratio  out of 100. There are many real-life uses for finding the percentage. Real estate agents, car dealers, and pharmaceutical sales representatives earn commissions that are a percentage, or part, of sales. For example, a real estate agent might earn a portion of the selling price of a house that she helps a client purchase or sell. A car salesperson earns a portion of the selling price of an automobile that she sells. Working real-life percentage problems can help you better understand the process. Calculating Commissions Noel, a real estate agent, aims to earn at least $150,000 this year. She earns a 3 percent commission on every house she sells. Whats the total dollar amount of houses that she must sell to reach her goal? Start the problem by defining what you know and what you seek to determine: Noel will earn $3 per $100 in sales.She will earn $150,000 per (what dollar amount)  in sales? Express the problem as follows, where s stands for total sales: 3/100 $150,000/s ​ To solve the problem, cross multiply. First, write the fractions vertically. Take the first fractions numerator (top number) and multiply it by the second fractions denominator (bottom number). Then take the second fractions numerator and multiply it by the first fractions denominator, as follows: 3 x s   $150,000 x 1003 x s $15,000,000 Divide both sides of the equation by 3 to solve for s: 3s/3 $15,000,000/3s $5,000,000 So, to make $150,000 in annual commission, Noel would have to sell houses that total $5 million. Leasing Apartments Ericka, another real estate agent, specializes in leasing apartments. Her commission is 150 percent of her clients monthly rent. Last week, she earned $850 in commission for an apartment that she helped her client to lease. How much is the monthly rent? Start by defining what you know and what you seek to determine: $150 per $100 of the monthly rent is paid to Ericka as a commission.$850 per (what amount) of the monthly rent is paid to Ericka as a commission? Express the problem as follows, where r stands for the monthly rent: 150/100 $850/r Now cross multiply: $150 x r $850 x 100$150r $85,000 Divide both sides of the equation by 150 to solve for r: 150r/150 85,000/150r $566.67 So, the monthly rent (for Jessica to earn $850 in commission) is $556.67. Art Dealer Pierre, an art dealer, earns 25 percent commission of the dollar value of art he sells. Pierre earned  $10,800 this month. What was the total dollar value of the art that he sold?   Start by defining what you know and what you seek to determine: $25 per $100 of Pierres art sales is paid to him as commission.$10,800 per (what dollar amount) of Pierres art sales is paid to him as commission? Write the problem as follows, where s stands for sales: 25/100 $10,800/s First, cross multiply: 25 x s $10,800 x 10025s   $1,080,000 Divide both sides of the equation by 25 to solve for s: 25s/25 $1,080,000/25s $43,200 Thus, the  total dollar value of the art that Pierre sold is $43,200. Car Salesperson Alexandria, a salesperson at a car dealership, earns 40 percent commission of her luxury vehicle  sales. Last year, her commission was $480,000. What was the total dollar amount of her sales last year?  Define what you know and what you seek to determine: $40 per $100 of the car sales is paid to Ericka as a commission.$480,000 per (what dollar amount) of the car sales is paid to Ericka as a commission? Write the problem as follows, where s stands for car  sales: 40/100 $480,000/s Next, cross multiply: 40 x​ s $480,000 x 10040s $48,000,000 Divide both sides of the equation by 40 to solve for s. 40s/40 $48,000,000/40s $1,200,000 So, the total dollar amount of Alexandrias car sales last year was  $1.2 million. Agent to Entertainers Henry is an agent for entertainers. He earns 10 percent of his clients’ salaries. If he made $72,000 last year, how much did his clients make in all?   Define what you know, and what you seek to determine: $10 per $100 of the entertainers salaries is paid to Henry as a commission.$72,000 per (what dollar amount) of the entertainers salaries is paid to Henry as a commission? Write the problem as follows, where s stands for salaries: 10/100 $72,000/s Then, cross multiply: 10 x s $72,000 x 10010s $7,200,000 Divide both sides of the equation by 10 to solve for s: 10s/10 $7,200,000/10s $720,000 In total, Henrys clients made  $720,000 last year. Pharmaceutical Sales Rep Alejandro, a pharmaceutical sales representative, sells statins for a drugmaker. He earns a 12 percent commission of the total sales of the statins he sells to hospitals. If he earned $60,000 in commissions, what was  the total dollar value of the drugs that he sold?   Define what you know and what you seek to determine: $12 per $100 of the value of the drugs is paid to Alejandro as a commission.$60,000 per (what dollar value) of the drugs is paid to Alejandro as a commission? Write the problem as follows, where d stands for dollar value: 12/100 $60,000/d Then, cross multiply: 12 x d   $60,000 x 10012d $6,000,000 Divide both sides of the equation by 12 to solve for d: 12d/12 $6,000,000/12d $500,000 The total dollar value of the drugs that Alejandro sold was  $500,000.

Acid Rain Essays (1959 words) - Inorganic Solvents, Acid Rain

Acid Rain INTRODUCTION: Acid rain is a great problem in our world. It causes fish and plants to die in our waters. As well it causes harm to our own race as well, because we eat these fish, drink this water and eat these plants. It is a problem that we must all face together and try to get rid of. However acid rain on it's own is not the biggest problem. It cause many other problems such as aluminum poisoning. Acid Rain is deadly. WHAT IS ACID RAIN? Acid rain is all the rain, snow, mist etc that falls from the sky onto our planet that contains an unnatural acidic. It is not to be confused with uncontaminated rain that falls, for that rain is naturally slightly acidic. It is caused by today's industry. When products are manufactured many chemicals are used to create it. However because of the difficulty and cost of properly disposing of these products they are often emitted into the atmosphere with little or no treatment. The term was first considered to be important about 20 years ago when scientists in Sweden and Norway first believed that acidic rain may be causing great ecological damage to the planet. The problem was that by the time that the scientist found the problem it was already very large. Detecting an acid lake is often quite difficult. A lake does not become acid over night. It happens over a period of many years, some times decades. The changes are usually to gradual for them to be noticed early. At the beginning of the 20th century most rivers/lakes like the river Tovdal in Norway had not yet begun to die. However by 1926 local inspectors were noticing that many of the lakes were beginning to show signs of death. Fish were found dead along the banks of many rivers. As the winters ice began to melt off more and more hundreds upon hundreds more dead fish (trout in particular) were being found. It was at this time that scientist began to search for the reason. As the scientists continued to work they found many piles of dead fish, up to 5000 in one pile, further up the river. Divers were sent in to examine the bottom of the rivers. What they found were many more dead fish. Many live and dead specimens were taken back to labs across Norway. When the live specimens were examined they were found to have very little sodium in their blood. This is typical a typical symptom of acid poisoning. The acid had entered the gills of the fish and poisoned them so that they were unable to ext ract salt from the water to maintain their bodies sodium levels. Many scientist said that this acid poising was due to the fact that it was just after the winter and that all the snow and ice was running down into the streams and lakes. They believed that the snow had been exposed to many natural phenomena that gave the snow it's high acid content. Other scientists were not sure that this theory was correct because at the time that the snow was added to the lakes and streams the Ph levels would change from around 5.2 to 4.6. They believed that such a high jump could not be attributed to natural causes. They believed that it was due to air pollution. They were right. Since the beginning of the Industrial revolution in England pollution had been affecting all the trees,soil and rivers in Europe and North America. However until recently the loses of fish was contained to the southern parts of Europe. Because of the constant onslaught of acid rain lakes and rivers began to lose their ability to counter act their affects. Much of the alkaline elements; such as calcium and limestone; in the soil had been washed away. It is these lakes that we must be worried about for they will soon become extinct. A fact that may please fishermen is that in lakes/rivers they tend to catch older and larger fish. This may please them in the short run however they will soon have to change lakes for the fish supply will die quickly in these lakes. The problem is that acid

A Hospitality Operator Might Face Assignment Example | Topics and Well Written Essays - 750 words

A Hospitality Operator Might Face - Assignment Example 4.) Factors that contribute to the bleakness and roughness of hospitality laws especially in the past were the small number of inns in which the innkeeper took the advantage of controlling the hospitality business. The hospitality law is considered as the foremost protector of the entire guests in this business (Cournoyer, et al., 2008). At present, there are already several establishments within the industry, and the presence of stiff competition is one determining factor for this occurrence (Cournoyer, et al., 2008). The nature of the hospitality management comprises the inclusion of the provision of services accommodation in the food and beverages business within a wide range of service establishments (Pizam, 2005, p. 53).These establishments include hotels, motels, clubs, casinos, restaurants, fast food outlets, and bars, to name a few. Hospitality management has also started growing inside shipping companies, rails, schools, hospitals, and so on (Pizam, 2005). Tourists are consi dered as the main factor why the hospitality business continues to develop and grow. It must be noted that the hospitality business provides the wider range of employment among people in both the rural and urban areas. 2. Worker Violence as a Legal Problem that a Hospitality Operator Might Face The hospitality operator is never exempted from encountering legal problems in hospitality management. ... Worker violence is identified in this paper as a legal problem that might be faced by the hospitality operator. Homicide appears to be one of the most extreme forms of violence manifested in the hospitality workplace (O’Fallon and Rutherford, 2011). According to US Department of Labor Occupational Safety and Health Administration (1998), homicide is the second cause of death of Americans working in the hospitality management. In 1996, data revealed that 912 workers account to the total work injuries in the US alone, indicating the seriousness of the homicide cases in the hospitality sector. A survey made by the National Crime Victimization of the Department of Justice indicates that there are about one million victims of violent crime at work, spanning from 1987 to 1992. Four categories are included in these data, specifically simple assault (615,160 victims); aggravated assault (264,174 victims); robbery (79,109 victims); and rape (13,068 victims). It appears that 159,000 cas es of victimization are reported annually in the hospitality business (US Department of Labor Occupational Safety and Health Administration, 1998). In 2002, 52 per cent of the service sector in 347 workplaces in the United States hospitality management has been a victim of homicide, according to the department of labor (O’Fallon and Rutherford, 2011, p. 229). Violence in the hospitality workplace is identified in two categories. Explicit violence, in which such violence directly involves the employees of a particular establishment, and implicit violence, in which the violence is specifically directed to the establishment (O’Fallon and Rutherford, 2011). The hospitality operator indeed faces a serious problem with the possibility of workplace violence occurring within his or her

Literature review Essay Example | Topics and Well Written Essays - 2750 words

Literature review - Essay Example The health care industry in any given country is as much a system and an industry. In the case of Australia, the health care system is not managed hierarchically. It is not also designed centrally by the government. The participants in the health care in Australia, namely the consumers and the providers, do enjoy a great degree of autonomy and independence. Nonetheless, the health care system occupies an important portion in the Gross Domestic Product (GDP) of Australia—the health care sector currently accounts for 9.7% of this GDP (Podger, 2005, p. 1). In spite of the degree of freedom enjoyed by health care practitioners and recipients, the government still plays a large part in the industry. According to Podger (2005, p. 1-2), the objectives of the health care system are (1) good health for the citizens; (2) health care is equitable, meaning it is available and accessible to all citizens, taking into account their capacity to pay; (3) costs reasonably low; and (4) the satisfaction of consumers and of health care professionals. To meet these objectives, the government, inevitably intervenes. In the interest of promoting equity, the government reallocates its resources to meet the needs of the population. Secondly, health has several features that involve public goods; as such, the government is also involved in the prevention of diseases and the safety of foods and drugs. The role of the government becomes especially important because of market failures as well as the provision of asymmetric or incomplete information. Especially in the case of the health insurance industry, the government steps in to regulate the industry so that the consumers are protected and are given the health care they need at the right cost (Podger, 2005, p. 3). Yet, in order for the health care system to be efficient and for it to become accessible to all sectors, both the public and the

The Great War And The Shaping of the 20th Century Essay -- Essays Pape

The Great War And The Shaping of the 20th Century Another man is killed; Another family receives a telegram saying that a loved one was killed in battle; The family will never be the same again without the presence of this man. This is an effort to explain some of the impact that World War I had on millions of individuals. This sequence of events was conducted over and over millions of times during WWI. So why were there so many deaths?Who were the instigators of a war that caused so much suffering, not just in family life, but in society in general? What were some of the effects that war had on society? To answer these questions, it is necessary to look at history, prior to the war, and examine the actions of certain individuals and explain the effects that these actions had on European society. For example, the â€Å"Black Hand†, the Serbian nationalists who assassinated Austria’s Archduke Francis Ferdinand, Kaiser Wilhelm II, and Count Leopold von Berchtold all are specific individuals who greatly contributed to the beginning of the war.[i] The first instigator of WWI to be discussed is the "Black Hand." The Black Hand was a group of Serbian Nationalists that were convinced that Serbia was not receiving the attention that they deserved from the bigger country of Austria-Hungary, led by Austria’s Archduke Francis Ferdinand. The tension between Serbia and Austria-Hungary had greatened when Austria- Hungary took over the two provincesof Bosnia and Herzegovina in 1908, before Serbia could claim the land. Gavrilo Princip, a member of the "Black Hand," assassinated Ferdinand on June 28, 1914 when he went into Sarajevo to review the newly acclaimed territories. The price he paid for refusing to give "a bigger place in the su... ...otten during its reign.†[xiv] [i] Camille Bloch, The Causes Of The World War (New York: Howard Fertig Inc., 1968), p. 9. [ii] S.L.A. Marshall, The American Heritage of World War I (American Heritage Publishing Co., Inc., 1964), p. 17. [iii] Marshall, p. 17. [iv] Marshall, p. 8, 9. [v] Bloch, p. 48. [vi] Bloch, p. 49. [vii] Bloch, p. 59. [viii]Marshall, p. 26. [ix] Marshall, p. 25. [x] Rene Albrecht-Carrie, The Meaning of the First World War (New Jersey: Prentice- Hall Inc., 1965), p. 57. [xi] Marshall, p. 28. [xii] Anver Offer, The First World War: An Agrarian Interpretation (Oxford: Clarendon Press, 1989), p. 345. [xiii]Offer, p. 342. [xiv] Albrecht Mendelssohn Bartholdy, The War and German Society: A Testament of a Liberal (New York: Howard Fertig, 1971), p. 15.

Organizational Culture of Virgin Group Essay

1. Describe the culture of Virgin group by seven dimension of organization culture. Organizational culture has been described as the shared values, principles, traditions, and ways of doing things that influence the way organizational members act. Actually, it can divided seven dimension of organizational culture which are attention to detail, outcome orientation, people orientation, team orientation, aggressiveness, stability and innovation and risk taking, and now I will use these seven dimensions to describe the culture of virgin. The first dimension used in this culture of virgin is attention to detail. It is the degree to which employees are expected to exhibit precision, analysis, and attention to detail. It is such a culture gives a competitive advantage to companies by helping them differentiate themselves from others. Like this article, the virgin airline has a lot of competitors like 747airline. They provide heterogeneous products and the virgin airline put their selling point to their services that their crews are smiling, cheerful and pleased to help, let the passengers wanting to fly with them again. Also, the virgin America sweeps the travel awards for service and quality. Although their planes are new, with great interiors and entertainment, the great service of its crews is what wins so many plaudits. Furthermore, they employ a general manager in the Caribbean. He tried to change the way things were done, discouraged the staff from drinking their guests that reducing the staff morale. As he didn’t get the degree on attention to detail, then he was being replacement. The second dimension in this culture is people orientation. It is the degree to which management decisions take into account the effects on people in the organization. It emphases on individual rights and expectation of treating people with respect and dignity. In this article, when the author was running Virgin Records, a member of the talent-scouting team was stealing and selling boxes of records to local secondhand shops. But he didn’t fire the staff and just gave him a severe warning and a second chance. He expected the staff to learn from his mistake and get back to doing his job. As the experience of the author that he fell foul of the customs and excise people as trying to bring records into the UK. He was given a fine, a second chance and have tried to make the most of it ever since. This has made him much more accepting and forgiving of people’s mistakes. Also, the virgin airline treats their staff as family units and makes them feel that their company is their second home. They will hold parties in the weekend, make sure all the staff can participate the parties and help them build the relationship between staff and manager. That is how the virgin airline treating their staff. The third dimension in this culture is team orientation. It is a degree to which work is organized around teams rather than individuals. It is collaborative and emphases on cooperation among employees. In this article, the writer mentioned about how to be a good leader to lead people well. He said that a good leader must know the team, its strengths and weakness; socializing and listen to the team is the key of being a good leader. A good leader can led their teammate well, can motivate the staff morale and build the relationship between the team. He also said that a bad leader can destroy a business very quickly. As they employed a general manager in Caribbean who tried to change the way things were done. The manager discouraged the staff from drinking with guests that decreased the staff morale and broke the trust of management. So they replace the manager and restore the staff morale and the sense of management’s trust which had been broken. The fourth dimension in this culture is innovation and risk taking. It is the degree to which employees are encouraged to be innovative and take risk. Through this article, Brett Godfrey showed his business plan to the author, which outlining the start-up of a low-cost carrier in Australia to take on Qantas and Ansett in their domestic market. He has expanded Blue and its sister airline to the United States, New Zealand, Thailand and South Africa. The company give them brand support and the space to go build the new business themselves like Virgin Active. Also, Matthew Bucknall and Frank Reed had bought out some innovative idea like the idea of a family-friendly health and fitness club in 1999. These planning and ideas are innovative, but at the same time they need to take the risk on running the ideas and planning. In this article, we can find out four dimension of organizational culture. A top company must have strong organizational culture that employees are more loyal than weak organizational culture, creates a stronger employee commitment to the organization, and the strong organizational culture is associated with high organizational performance. Also, if the value of the culture is clear and widely accepted, employees can know what they are supposed to do and what expected to them, so they can act quickly to take care of problem. 2. How culture affect the manager? A culture usually reflects the vision of organization founder. They will articulate the vision of what they want the organization to be. The small size of most new organizations makes it easier to instill the vision with all organizational members. Also, organizational practices are also one of the impacts on culture. They can find out the information about the organization and determine the most suitable for organization through practices. The top management behavior has a major impact on culture too, that the action of top management can lead to undesirable outcomes. Organizational culture can divide into four types. They are open systems, human relation, internal process and rational goal. A culture will predominately affect the manger in four ways, which are controlling, leading, organizing and planning. In the leading of the management, the mangers are able to use democratic leadership style that allows employees participate in decision-making progress, but not only individuals in the open systems and human relation culture. Through these two types of culture, the mangers require visionary leadership, responsive behavior and also tend to be participative, considerate and supportive. Also, the mangers in rational goal culture are also able to use democratic leadership style and tend to be directive, goal oriented and functional. On the other hand, the mangers in the internal process culture will be more likely to use autocratic leadership style that they are tend to be conservative and caution. In the planning of the management, they will more likely to take the risk of the plan in open systems culture in the large extent, which this culture is emphasis on creativity and innovation that the employee will have some innovative idea when planning. In rational goal and human relation culture, the manger will take risk on planning in the small extent. But in the internal process culture, the manger are not willing to take the risk on planning, which their company are conservative and cautious. In the human relation and open system culture, they will likely develop the plan by team, but the mangers will likely develop the plan by individual in the rest of the cultures. In the controlling of managers, the control system will be more flexible in human relation and open systems culture, which likely allow employees to control their own action. But in the rest of the cultures, the control system will be inflexible that the managers need their employees follow their rules and procedures. In the open system culture, the manager may able to take the risk to produce the product if exceeding the budget. On the other hand, the manager in internal process culture will prefer cutting the cost or will not produce the product rather than taking the risk to release the product into the market. In the organizing of the mangers, their employees can have more autonomy in their jobs in the human relation and open system culture, but less autonomy of employees in the rest of the cultures. Through the rational goal and internal process culture, they will be able done their task by individual rather than team. On the other hand, in human relation and open system, they will prefer to finish the task by team compare to individual and their manager will be likely being decentralization, that increase the decision-making authority of employees, but the rest of culture not. A culture will affect the mangers what they can or cannot do and how they manage. A good manger should know the culture of their companies deeply, that can help them to know what to do and not do and identify their role on managing a team or company.

The Scientific Method Of Everyday Life Essay - 831 Words

Scientific method in everyday life:- Science plays an important part in our life. We have used science from stone age. Man observes and understands what he observes. This is a unique sense that he is born with. Agriculture is a scientific process. The man has learnt to sow seeds, water the land, add green manure to the soil and reap the harvest. Separating the paddy from the husk shows how clever he is. You might have observed that the women hold the pounded paddy in a flat plate and sift when the breeze blows. The heavy paddy falls near the person s feet while the husk that is light flies and falls a few feet away. Thus paddy is separated from the husk. Man also has learnt from observation that the crops should be rotated to get back the lost nutrients of the soil. This is one of the scientific method we observe in everyday life. Gardening:- Man knows how to garden by observation. He knows that the sunlight and water are necessary for the seeds to germinate. He has learnt by experience that the soil should be rich for the plants to grow. He also has observed that the seed must be healthy to germinate. Man also has learnt from experience that diseased seed produce diseased plants. Hence he first checks the seed to see if it is healthy. The Chinese way to check the seed is to soak the seed that is selected for planting in salt water. If the seed floats on the water, it is discarded. If the seed goes to the bottom of the vessel, then it is healthy and can be used forShow MoreRelatedLogic, Revelation And Authority864 Words   |  4 Pagesa cow.† like the article says this is not logical because cows can be different colors. When it comes to me though, I believe that logic is the best way of knowing for quick thinking because making a logical choice is often the correct one in everyday life. Another way of knowing the article talks about revelation. The article defines this as a statement that comes from a source that is unquestionable. 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