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Questions and Answers
Which of the following is an example of a discount?
Which of the following is an example of a discount?
- Increasing the price of an item
- Paying full price for an item
- Adding an extra charge to the original price
- Getting a percentage off the original price (correct)
What is commission?
What is commission?
- A reduction in price
- An additional charge for a product
- An increase in price
- A fee charged for a service (correct)
When calculating the total cost of an item after a discount, what should you do?
When calculating the total cost of an item after a discount, what should you do?
- Divide the original price by the discount percentage
- Subtract the discount percentage from the original price (correct)
- Add the original price and the discount percentage
- Multiply the original price by the discount percentage
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.
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Description
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.
