Tax, Tips & Commissions
Sales tax, tips & mark-ups add money to your purchase.
What do these mean??
Tips and tax are ways that your original purchase becomes more expensive. A tip is money added to your bill when you want to express your gratitude for someone's service. Tax is money that is added to your purchase by the state and the government. The tax rate in Massachusetts is 6.25%. Commissions are like bonuses - money you are given in addition to your salary.
All money that gets ADDED!
Here is an example of a real life sales tax problem!
Here is an example of a real life commission problem!
Here is an example of a real life tip problem!