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7.4.3-7.4.4
Percent Application Review
Question | Answer |
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Commission | An amount paid to an employee based on a percentage of the employee's sales |
salary | A fixed amount of money paid to an employee for each pay period. |
hourly wage | An amount of money paid each hour to compensate an employee for the amount of time he/she spends working. Multiply by number of hours to find total amount earned. |
percent of discount (% off, % sale) | the percent that a price is reduced Find the percent of the discount (using the formula or proportion) and subtract from the original price. Subtract |
tip | Also known as a gratuity, it is an amount of money in return for a service. Find the percent of the tip (using the formula or proprtion) and add to the original price. Add |
tax | a required payment to a local, state, or national government Find the percent of the tip (using the formula or proprtion) and add to the original price. Add |
Fee | money paid to others for their services Find the percent of the tip (using the formula or proprtion) and add to the original price. Add |
Mark up | to increase the price of something Find the percent of the tip (using the formula or proprtion) and add to the original price. Add |
Bundle | an item, group, or quantity wrapped for carrying; package. Add item costs together |