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Consumer Application

TermDefinition
percent out of 100
discount a percent(part) of a purchase that is subtracted from an original price
tax a percent(part) of a purchase that is paid to the government. It is added to an original price when you pay your bill.
tip a percent(part) of a purchase that is paid to someone for the service they have provided. It is added to the original amount when you pay your bill.
markup a percent(part) of an item that is added onto the original amount. Prices are often marked up so they can make a profit.
sale price The new price after a discount has been subtracted from an original price.
commission A percent(part) of a sale that the sales person gets to keep as part of his earnings.
Created by: user-1947382
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