markups, markdowns, and tips\nwhat type of connection can you make between markups and tips or taxes? what…

markups, markdowns, and tips\nwhat type of connection can you make between markups and tips or taxes? what type of connection can you make between markdowns and discounts? explain your answer.

markups, markdowns, and tips\nwhat type of connection can you make between markups and tips or taxes? what type of connection can you make between markdowns and discounts? explain your answer.

Answer

Brief Explanations:

Markups increase the price of a product or service, similar to how tips and taxes add an extra amount to the base - price. Markdowns are reductions in price, just like discounts which also lower the original price.

Answer:

Markups are like tips and taxes as they all increase the amount paid. Markdowns are like discounts as they both decrease the price.