Discount and Commission

• What does the Original Price (OP) represent?


  It is the actual amount that consumers are willing to pay.
• What is the definition of Discount (D)?


  It is the amount to be deducted from the Original Price (OP).
• How is the Discount Rate (DR) defined?


  It is the percent taken off from the Original Price (OP).
• What does Sale Price (SP) refer to?


  It is the price of the item after the discount has been deducted.
• What are the formulas for calculating Original Price (OP)?


  • $OP =$$\frac{D}{DR}$
  • $OP =$$\frac{SP}{1 - DR}$
• How can Discount (D) be calculated?


  • $D =$$OP \times DR$
  • $D =$$OP - SP$
• What is the formula for calculating Discount Rate (DR)?


  $DR =$$\frac{D}{OP} \times 100\%$
• How is Sale Price (SP) calculated from Original Price (OP) and Discount Rate (DR)?


  $SP =$$OP \times (100 - DR)$
• What does Commission (C) represent?


  It is the amount of money a person receives for their service or for selling something.
• What is the definition of Total Sales (TS)?


  It is the total amount of sales made by a salesperson.
• How is Commission Rate (CR) defined?


  It is the percent taken off from Total Sales (TS).
• What does Net Proceeds (NP) refer to?


  It is the amount that remains after commission is deducted from Total Sales (TS).
• What are the formulas for calculating Commission (C)?


  $C =$$TS \times CR$
• How can Total Sales (TS) be calculated from Commission (C) and Commission Rate (CR)?


  $TS =$$\frac{C}{CR}$
• What is the formula for calculating Commission Rate (CR)?


  $CR =$$\frac{C}{TS} \times 100\%$
• How can Net Proceeds (NP) be calculated from Total Sales (TS) and Commission (C)?


  • $NP =$$TS - C$
  • $NP =$$TS \times (100\% - CR)$