# Calculating Percents

### McKenzie Penix

## Taxes

## Tips

## Mark Up

Markup is the difference between the cost of a good or service and its selling price. A markup is added onto the total cost incurred by the producer of a good or service in order to create a profit. The total cost reflects the total amount of both fixed and variable expenses to produce and distribute a product.

The markup is 40% of the $25 cost, so the markup is:

(0.40)(25) = 10

Then the selling price, being the cost plus markup, is:

25 + 10 = 35

The item sold for $35.

## DiscountTo sell or offer for sale at a reduced price
| ## Commission A system of payment based on a percentage of the value of sales or other business done, or a payment to someone working under such a system. An example would be as a real estate agent, her commission is between 4% and 6% on every sale. She's selling a house for $1300.00 the percentage of commission is 5%. I get $65.00 for this sale. | ## Sale on a bike If I were selling a bike and it was $50.00 and it was on sale 30% off the price would be $15.00 for the bike because 30% of 50 is 15. |

## Discount

To sell or offer for sale at a reduced price

*discounting all merchandise* To reduce in quantity or value *discount a price. The cost of the pants was originally $20.00.* To deduct or subtract from a cost or price an example would be the store *discounted 30 percent off the price of the sweat pants. The ending price was $14.00.*