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					Markup discount and
Commission


Vocab: commission- a small percentage of sales person’s sales.
Vocab: discount- a reduction in price on an item
Vocab: markup- amount added to the price of a profit


Helpful tips: move your percent over 2 spaces to the left


Text book example: Reed’s is selling a ring that wholesales for
500.00 plus a 250% markup. Please find the retail price.
Work: 250% to 2.5
      500*2.5=1,250
       750+500=1,250
Answer is $1,250

				
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