Question

a. you deposit money in a savings account, and every year the amount of money in the account increases by 2.5%.
b. for every car sold, a car salesman is paid 6% of the cars price.
c. someone who eats at a restaurant pays an extra 20% of the food price. this extra money is kept by the person who served the food.
d. an antique furniture store pays $200 for a chair, adds 50% of that amount, and sells the chair for $300.
e. the normal price of a mattress is $600, but it is on sale for 10% off.
f. for any item you purchase in texas, you pay an additional 6.25% of the items price to the state government.
options:
commission
discount
interest
markup
tax
tip or gratuity

Explanation:

a. Savings account growth from a yearly percentage increase is interest.
b. A percentage of a sale paid to a salesperson is commission.
c. Extra money for restaurant service is a tip or gratuity.
d. Adding a percentage to the cost price to set a selling price is markup.
e. A percentage reduction from the normal price is a discount.
f. An additional percentage paid to the government on purchases is tax.

Answer:

a. Interest
b. Commission
c. Tip or gratuity
d. Markup
e. Discount
f. Tax