3. Select the word from the following list that best describes each situation, A Tax
B. Commission
C. Discount
D. Markup
E Tip or gratuity
F. Interest
1. You deposit money in a savings account, and every year the amount of
money in the account increases by 2.5%.
2. For every car sold, a car salesman is paid 6% of the car's price.
3. 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.
4. An antique furniture store pays $200 for a chair, adds 50% of that amount,
and sells the chair for $300.
5. The normal price of a mattress is $600, but it is on sale for 10% off
6. For any item you purchase in Texas, you pay an additional 6.25% of the
item's price to the state government.