`person(1)`'s Furniture Store buys a `furniture(1)` at a wholesale price of $`WHOLESALE`. If the markup rate at `person(1)`'s Furniture Store is `MARKUP_RATE`%, what is the total markup for the `furniture(1)` in dollars?

`TOTAL_MARKUP`

Remember that a markup rate is a percentage of the wholesale price that a store adds to get a selling or retail price. The amount of markup can be found with the following equation:

markup rate `\times`

wholesale price `=`

amount of markup

Since the markup rate is a percentage, we have to convert it into a decimal first. Percent means "out of one hundred," so

is equivalent to `MARKUP_RATE`\%`\displaystyle\frac{`

which is also equal to `MARKUP_RATE`}{100}

.`MARKUP_RATE` \div 100

`MARKUP_RATE` \div 100 = `(MARKUP_RATE/100).toFixed(2)`

Now you have all the information you need to use the formula above!

`(MARKUP_RATE/100).toFixed(2)``\times`

`$`

`WHOLESALE``=`

`$`

`TOTAL_MARKUP`

The amount of markup on the `furniture(1)` is `$`

.`TOTAL_MARKUP`

The manager at `person(1)`'s Furniture Store is trying to figure out how much to charge for a `furniture(1)` that just arrived. If the `furniture(1)` was bought at a wholesale price of $`WHOLESALE` and `person(1)`'s Furniture Store marks up all furniture by `MARKUP_RATE`%, at what price should the manager sell the `furniture(1)`?

`RETAIL_PRICE`

In order to find the retail price, we must first find the amount of markup. Remember that a markup rate is a percentage of the wholesale price that a store adds to get a selling or retail price. With this knowledge, we can figure out the following equation:

markup rate `\times`

wholesale price `=`

amount of markup

Since the markup rate is a percentage, we have to convert it into a decimal first. Percent means "out of one hundred," so

is equivalent to `MARKUP_RATE`\%`\displaystyle\frac{`

which is also equal to `MARKUP_RATE`}{100}

.`MARKUP_RATE` \div 100

`MARKUP_RATE` \div 100 = `(MARKUP_RATE/100).toFixed(2)`

Now you have all the information you need to find the amount of markup!

`(MARKUP_RATE/100).toFixed(2)``\times`

`$`

`WHOLESALE.toFixed(2)``=`

`$`

`TOTAL_MARKUP`

Since the markup rate is a percentage of the wholesale price that is added to get the retail price, we can find the retail price with the following equation:

amount of markup `+`

wholesale price `=`

retail price

`$`

`TOTAL_MARKUP``+`

`$`

`WHOLESALE.toFixed(2)``=`

`$`

`RETAIL_PRICE.toFixed(2)`

The retail price of the `furniture(1)` should be `$`

.`RETAIL_PRICE.toFixed(2)`

`person(1)` works at a nearby electronics store. `He(1)` makes a commission of `COMMISSION_RATE`% on everything `he(1)` sells. If `he(1)` sells a `electronic(1)` for $`PRICE`, how much money does `person(1)` make in commission?

`TOTAL_COMMISSION`

A commission rate is a percentage of the retail price of an item that the seller makes if he or she can sell the item. To find the amount of commission made, use the following formula:

commission rate `\times`

retail price `=`

amount of commission made

Since the commission rate is a percentage, we have to convert it into a decimal first. Percent means "out of one hundred," so

is equivalent to `COMMISSION_RATE`\%`\displaystyle\frac{`

which is also equal to `COMMISSION_RATE`}{100}

.`COMMISSION_RATE` \div 100

`COMMISSION_RATE` \div 100 = `(COMMISSION_RATE/100).toFixed(2)`

Now you have all the information you need to use the formula above!

`(COMMISSION_RATE/100).toFixed(2)``\times`

`$`

`PRICE``=`

`$`

`TOTAL_COMMISSION`

The amount of commission `person(1)` makes by selling a `electronic(1)` is `$`

.`TOTAL_COMMISSION`

`person(1)` earns a base salary of $`BASE_SALARY` every week with an additional `COMMISSION_RATE`% commission on everything `he(1)` sells. If `person(1)` sold $`SALES` worth of items last week, what was `his(1)` total salary?

`TOTAL_SALARY`

First, find the amount of commission made by using the following formula:

commission rate `\times`

total sales `=`

amount of commission made

Since the commission rate is a percentage, we have to convert it into a decimal first. Percent means "out of one hundred," so

is equivalent to `COMMISSION_RATE`\%`\displaystyle\frac{`

which is also equal to `COMMISSION_RATE`}{100}

.`COMMISSION_RATE` \div 100

`COMMISSION_RATE` \div 100 = `(COMMISSION_RATE/100).toFixed(2)`

Now you have all the information you need to find the amount of commission made:

`(COMMISSION_RATE/100).toFixed(2)``\times`

`$`

`SALES.toFixed(2)``=`

`$`

`TOTAL_COMMISSION`

We can find the total salary for `person(1)` by adding the amount of commission made to `his(1)` base salary.

amount of commission made `+`

base salary `=`

total salary

`$`

`TOTAL_COMMISSION``+`

`$`

`BASE_SALARY.toFixed(2)``=`

`$`

`TOTAL_SALARY.toFixed(2)`

The total salary `person(1)` made last week was `$`

.`TOTAL_SALARY.toFixed(2)`