What is a discount?
Tax, Tip, Discount, and Commission

Flashcard
•
Mathematics
•
6th - 8th Grade
•
Hard
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14 questions
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1.
FLASHCARD QUESTION
Front
Back
A discount is a reduction in the original price of a product or service, often expressed as a percentage.
2.
FLASHCARD QUESTION
Front
How do you calculate the sale price after a discount?
Back
Sale Price = Original Price - (Discount Percentage x Original Price)
3.
FLASHCARD QUESTION
Front
What is a tip?
Back
A tip is a small amount of money given to someone for their service, typically calculated as a percentage of the total bill.
4.
FLASHCARD QUESTION
Front
How do you calculate the total amount paid including a tip?
Back
Total Amount = Bill Amount + (Tip Percentage x Bill Amount)
5.
FLASHCARD QUESTION
Front
What is a markup?
Back
A markup is an increase in the price of a product, usually expressed as a percentage of the cost price.
6.
FLASHCARD QUESTION
Front
How do you calculate the retail price after a markup?
Back
Retail Price = Cost Price + (Markup Percentage x Cost Price)
7.
FLASHCARD QUESTION
Front
What is commission?
Back
Commission is a fee paid to an agent or employee for their services, often calculated as a percentage of the sales they generate.
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