Documenti di Didattica
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IN
MATHEMATICS
6
Ibalon Central School
Submitted to:
Mr. Joel Marjalino
1. Original Price
- is the regular price charged of the item.
2. Total Sales
- the marked price plus the tax
3. Selling Price
- is the amount of the item after the mark has been added to the cost.
4. Principal Amount
- is the amount of money deposited, invested, or borrowed.
5. Discount
- is a decrease in the price of an item. It refers to the amount to be
deducted from the original price.
6. Profit
- the amount gained from doing business by subtracting all expenses
and capital from gross earnings or sales.
7. Commission
- the part of the total sales that goes to the salesperson
8. Sales Tax
- when someone buys goods or items in a supermarket, restaurant or
fast food, the purchases are subject to the sales tax. This form of sales
tax is commonly known as VAT (Value Added Tax)
9. Interest
- an amount of money earned for using another’s money over a period
of time.
10. Rate of Discount
- is the percent taken off from the original price
11. Rate of commission
- is the percent taken off from the selling price
12. Rate of sales tax
- each state with a sales tax has a statewide sales tax rate. States use
sales tax to pay for budget items like roads and public safety. The
state sales tax rate is the rate that is charged on tangible personal
property (and sometimes services) across the state. These usually
range from 4-7%.