Tax
Breonna Barnes
Taxes
- Taxes - is extra money that goes to the government and they decide what to do with it. Ex- better school computers.
- Wherever you go like a store you would have taxes that you would have to pay. If you pay extra later on you get the extra money back.
- Tax - is a percent of a number that is an addition to the original amount of money.
Tips , Mark up and Dicounts
Tips
Tips - are something you give someone when they do a great job at their job. Ex- waitress , taxi driver, food delivery.
Mark up
Mark up - is extra money . The percent of the cost added to the original amount.
Discounts
Discounts- are things that are on sale .the percent is subtracted from the original amount. Ex- if your relative works for Apple products you may get like a 25% discount on a phone you get.
Commission
Comission
Commission- is the % of a number you keep. The percent is not added or subtracted from the original price.
Examples
Example of Taxes
You go to sweet frog and you get the cupcake batter-frozen yogurt and it cost $2.30 . The sales tax is 3% . Your final amount comes to $2.99 .
Example of Tips
Say you go to Denny's and your bill was $10.50 and you really liked your waitress so you decide to give her a 20% tip. Your final bill with the tip would cost $12.60.
Example of Markup
Say you go to Walmart and you buy a shirt that cost $4.30. Say like two days later you go back to Walmart the shirt cost 20% more now. The shirt cost $5.16
Example of Discounts
Say your mom works a KFC so you would get a 20% employee discount. And you go there and spend $50.20,you would use the discount and it would cost $40.16.
Example of Comission
A realtor sells a house for $200,000 . She get 30% of whatever she sells. So for this house she would get $60,000