Question

A salesman at a jewelry store gets paid 30% of the selling price of each piece of jewelry he sells. About how much will he get paid for selling a ring that costs $495?

Answer 1

$148.50

Explanation:

Concepts

To find <x% of y> or a certain percent of a number, you have to:

1. Convert the percent into a decimal (by moving the decimal point two place to the left. e.g. if the percent was 25%, it would be 0.25.)
2. Multiply that decimal by the other number

Application

In this case, we're asked to find how much the salesman makes, knowing that makes 30% of price of the item he sells. We're given the price of one item as $495. Now, we have to multiply 30% by 495 by follow the two aforementioned steps.

Solution

Step 1: Convert 30% into a decimal

• 30%
• 0.30

Step 2: Multiply 0.30 by 495.

• 0.3 · 495
• $148.50