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Math-6-3rdQT-Lesson-2

The lesson aims to teach students about commission, value-added tax, and interest, including definitions, applications, and problem-solving techniques. It provides examples and formulas for calculating each concept, such as how to determine commission from a sale price, compute value-added tax, and calculate interest on borrowed money. Students are encouraged to engage with the material through review questions and practical exercises.

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lorie21efey
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5 views18 pages

Math-6-3rdQT-Lesson-2

The lesson aims to teach students about commission, value-added tax, and interest, including definitions, applications, and problem-solving techniques. It provides examples and formulas for calculating each concept, such as how to determine commission from a sale price, compute value-added tax, and calculate interest on borrowed money. Students are encouraged to engage with the material through review questions and practical exercises.

Uploaded by

lorie21efey
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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At the end of the lesson, the students

will be able to:


 define commission, value added tax, and
interest;
 state situations where commission, value
added tax, and interest is applied; and
 solve problems involving commission,
value added tax, and interest.
Recall /
Review about
Percentage
Increase and
Activity
Answer the following
questions.

• Are you familiar with the word


commission? If yes, explain its
meaning.
• How about the word tax and
interest? Explain your answer.
Commis
sion,
Tax,
Commission
 It is the payment an agent
gets for selling or buying
something on behalf of
another person.
 It is usually given as a
percentage of the cost price
or the selling price.
Commission
Example:
A house was sold for Php6,700,000 by an
agent who received a commission of 1%.
How much commission did he received?
Solution:
1% of 6,700,000 = 6,700,000 x 0.01
=67,000 The agent received as a
commission
Commission
Commission is the payment an agent gets for
selling or buying something on behalf of another
person. (PERCENTAGE)
Selling Price is the price at which the goods or
properties are being sold. (BASE)
Rate of Commission is the percent an agent or
salesman receives for his/her work. (RATE)
Net proceeds is the amount of money that an
owner gets or receives after deducting the
commission.
Value – Added
IsTax
the amount mandated by the
government for an item bought.
Selling price is the amount paid
for an item.
To compute for the sales tax/value
– added tax, you have to add the
marked price with the sales tax.
Value – Added
Tax
Example: An item has a value – added tax of
15% charged. If the marked price of the item is
Php2,500, calculate the total amount a man has
to pay if he wants to buy it?
Solution:
Value – added tax payable = 15% of
2500
= 0.15
The total amount a man has to pay = Php2500 +
Php375 = Php2875
Value – Added
Tax
Example: Noli bought a laptop for Php45,255. It
had a sales tax of 10%. What was the total price
of the laptop.
Solution:
Value – added tax payable = 10% of
45,255
= 0.10
The total amount a man has to pay
= Php45,255 + Php4,525.50
=Php49,780.50
Interest
Is an amount paid for the use of money, usually
a percent of the amount invested, loaned, or
borrowed.
Principal is the money deposited or borrowed
on which interest is paid.
Time is the length of time the money is
borrowed or deposited. It is always expressed in
years.
Interest is computed as follows:
I=PxRxT
I = Interest, P=Principal, R = Rate, T =
Interest
Interest is computed as follows:
I=PxRxT
I = Interest, P=Principal, R = Rate,
T = Time
To find:
P= R= T=
Interest
Example:
Mrs. Rivera borrows Php10,000 from a bank
for 2 years. Given that the interest rate is
3%, how much interest does she have to
pay?
I=PxRxT
I = 10,000 x 3% x 2
I = 20,000 x 0.03
I = 600 She has to pay an interest of
Synthesis/ Values
Integration
Questions for Summary:

o How are you going to solve for the


commission, interest, and value –
added tax in a given problem?
o When and where does commission,
interest, and value – added tax are
usually encountered/apply?
Evaluation/ Assessment:

 Answer Let’s Try numbers


1 to 4 on page 115 in your
Math book. Show your
solution and answer.

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