- $ paid in addition to an amount
- Percent added to final price
- Tax collected is used by government
- Tax varies per state/county
- Sales tax/income tax
- $ off of bill
- Deduction of cost
- Extra discounts
- Price increasing/dropping with demand
- Percent of cost added to total
A tip is when you give a percent of a percent of the total of something to your waiter/waitress.
Commission is when you are paid a percent of the total sales of something.
Tax,Tip and Discount example
I went to Applebee's and got a triple bacon burger meal for $7.99 but it was burger Sunday, so all burgers were 10% off, so, I got a discount of $0.79. The meal was $7.20. Tax is 6.75% so the tax was $0.49. The bill was $7.69. And the waiter was great, so, I left a 70% tip, which was $5.38. So, the total was $14.50.
Commission and Mark Ups example
One day, I decided to sell lemonade. So, I got some lemons, sugar, cups, posters, a pitcher, and made some lemonade. It was summer, so the supplies were cheap because they were in high demand. Then, got a table and put a sign on it. I sold the lemonade for $0.25. The total sales were $5 in 1 hour and I got 75% commission, so, I made $3.75 in an hour.