3 Questions
Which of the following is an example of a discount?
Getting a percentage off the original price
What is commission?
A fee charged for a service
When calculating the total cost of an item after a discount, what should you do?
Subtract the discount percentage from the original price
Study Notes
Discount and Commission
- A discount is a reduction in the original price of an item, such as a percentage or fixed amount off the original price.
- Commission is a payment made to an agent or intermediary for services rendered, typically calculated as a percentage of the sale price.
Calculating Total Cost
- To calculate the total cost of an item after a discount, subtract the discount amount from the original price to find the sale price, then add any applicable taxes or additional fees.
Test your knowledge on discounts and commissions with this quiz! Learn about examples of discounts, what commission is, and how to calculate the total cost of an item after a discount.
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