what type of connection can you make between markups and tips or taxes? what type of connection can you make…

what 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.

what 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, tips, and taxes all increase the original price. Markups are used by sellers to increase the cost - price for profit, tips are extra amounts given for service, and taxes are government - imposed amounts added to the price. Markdowns and discounts both decrease the original price. A markdown is a reduction in the selling price by the seller, and a discount is an amount or percentage deducted from the regular price.

Answer:

Markups, tips, and taxes are all increases to the original price. Markdowns and discounts are all decreases to the original price.