Money By: Madison Miller
Taxes,tips,discounts,commission,and mark ups
Example of discounts and commission
Money
I'll explain what taxes,tips,discounts,commission, and mark ups are
Explanation to taxes,tips,and mark ups
- Taxes and tips- % of what is paid for (in addition to a bill)
- Mark ups - selling for an additional amount to make a profit
Discounts
- Discounts - % of money taken from (subtracted from the bill)
- % off original price
Commission
- Amount made off of something
- % of a number
- Examples of thing that make commission are etsy, eBay, car salesman, and realtors
I went to the store to find the one pair of UGGs
I couldn't find where my boots were so I asked the store manager and he said it would Coast me extra to pay him.
I was looking through the selection of UGGs and fount the pair I wanted and even better there was a discount on them. They were $199.99 with a discount of 10% off . So my total came up to $179.991,also with the commission of 25%. The cammission was $45.00.
Taxes, mark ups and tips
restaurant
I went to Wally waffle to get a waffle.
mark ups and tips
The waitress at Wally Waffle was really nice to telling me how much the waffles were. They were $5.00. But at Wendy's their waffles were marked up 1.25%. So from the original price of $5.00 ( 0.0625 of 5.00=$5.06 ) is the total at Wendy's. But then I decided to go to wally waffle in stead of Wendy's, because at wally waffle, there was no mark up.When I was done my total was $5.00 plus a 5% tip so my all around total came to $7.50 at wally waffle.
tax
I bought a shirt for $10.00 there was a tax of 250% ( .250 of $10.00= $12.50 ) on it so that added on to my total which became $12.50 dollars.