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Sales Tax, Discount, & Mark Up, Tip, Fee, Commission, Rebates, & Coupons Vocabulary
Terms in this set (15)
What does the cashier give you that is itemized?
What is a subtotoal?
Add all your items before a tax
What is a discount?
An amount that is subtracted from the regular price.
What is a sales tax?
A tax on goods and services that is added to the cost. $ for the govt
What is a sale price?
The new price after the discount is subtracted.
What is a mark-up or increase?
The increase in price when a store sells to the consumer.
What is wholesale?
Where stores buy items to sell
What is retail?
The price after a store marks up their merchandise
The money a store earns to stay in business
Amount of money added to the cost of a service, given to a waiter or waitress
Percentage rate charged for a service
Amount of money paid to a salesperson based on how much they sell
Money made per hour, day, or year.
Voucher for money off the cost
Partial refund or money back on the cost
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