Podcast
Play an AI-generated podcast conversation about this lesson
Download our mobile app to listen on the go
Get App
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
Flashcards are hidden until you start studying
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.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
