CALCULATE COMMISSION MONEY LESSON PLAN SELLING ACTIVITIES WORKSHEETS ELEMENTARY SKILLS PROGRAM COURSE BASIC TEACHING LEARNING SAMPLE EXAMPLE HELP WORK STUDENTS TEACHER CLASS EXERCISE ONLINE GUIDE ACTIVITY

 Students learn basic consumer money math.

# PERCENTAGES AND MONEY: CALCULATING A COMMISSION

Students will learn to calculate commissions.

Teaching Objectives:

• Students will learn about commissions.

• Students will learn to calculate commissions.

CALCULATING A COMMISSION LESSON PLAN

Teaching Materials

• Lesson - Calculating a Commission Lesson (see below for printable lesson).

Lesson Excerpt:

What is a commission?
A commission is an amount of money that someone is paid when they sell something.  It is usually a percent of the sale that has been made. Many people work “on commission.”  Sales persons and real estate agents often work on commission.

How can I calculate a commission?
Calculating a commission involves using percentages and mathematics.  Usually, you will hear about a percent that a person will make for a commission.  Then you take the sale price or the total sales and use the percentage to calculate the commission.
Let’s look at an example to better understand this:

Example
Jeff works as a real estate agent.  He has just sold a house that was \$230,000.  If Jeff makes a 3% commission, how much money did he make when he sold the home?

To figure this out, we are going to need to multiply. We want to find a percent of a number.  When we find a percent of a number, it means multiplication. Our key word is “of”.  When you see the word “of” in a problem it means multiply.

The first thing that we need to do is to convert the percentage to a decimal.

Continued...

Print out the teaching lesson pages and exercise worksheets for use with this lesson:

 CALCULATING COMMISSION Printable lesson worksheet and activity.

To teach and learn money skills, personal finance, money management, business, careers, and life skills please go to the Money Instructor home page.

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