Front

What is commission in sales?

Back

Commission is a fee paid to a salesperson for their services, usually calculated as a percentage of the sales they make.

Front

How do you calculate commission?

Back

To calculate commission, multiply the total sales amount by the commission rate (as a decimal). For example, if the commission rate is 5.5% and the sales amount is $18,200, the commission is $18,200 x 0.055 = $1,001.

Front

What is sales tax?

Back

Sales tax is a percentage of the sale price that is added to the total cost of a purchase, collected by the seller and paid to the government.

Front

How do you calculate sales tax?

Back

To calculate sales tax, multiply the sale price by the sales tax rate (as a decimal). For example, if the sale price is $100 and the sales tax rate is 6%, the sales tax is $100 x 0.06 = $6.

Front

What is the formula to find the sale price after a discount?

Back

Sale Price = Original Price - Discount Amount.

Front

How do you find the discount amount?

Back

To find the discount amount, multiply the original price by the discount rate (as a decimal). For example, if the original price is $100 and the discount rate is 20%, the discount amount is $100 x 0.20 = $20.

Front

What happens to the price after sales tax is calculated?

Back

The sales tax amount is added to the original price to find the total cost.

Front

If an item costs $599.99 and has a 20% discount, what is the discount amount?

Back

Discount Amount = Original Price x Discount Rate = $599.99 x 0.20 = $119.998, rounded to $120.

Front

What is the total cost of an item after applying a discount and adding sales tax?

Back

Total Cost = (Original Price - Discount Amount) + Sales Tax.

Front

How do you calculate the total cost of an item with a discount and sales tax?

Back

1. Calculate the discount amount. 2. Subtract the discount from the original price. 3. Calculate the sales tax on the discounted price. 4. Add the sales tax to the discounted price.