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 related to Original Price (OP)?

  • $OP =$$\frac{D}{DR}$
  • $OP =$$\frac{SP}{1 - DR}$
• What are the formulas related to Discount (D)?

  • $D =$$OP \times DR$
  • $D =$$OP - SP$
• What are the formulas related to Discount Rate (DR)?

  • $DR =$$\frac{D}{OP} \times 100\%$
• What are the formulas related to Sale Price (SP)?

  • $SP =$$OP \times (100 - DR)$
• What is the definition of Commission (C)?

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

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

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

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

  • $C =$$TS \times CR$
• What are the formulas related to Total Sales (TS)?

  • $TS =$$\frac{C}{CR}$
• What are the formulas related to Commission Rate (CR)?

  • $CR =$$\frac{C}{TS} \times 100\%$
• What are the formulas related to Net Proceeds (NT)?

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