Summary
Completion requirements
Lesson 2: Pricing - Summary
Summary
Download a copy of the summary. Word version or PDF version
Review what you have learned prior to completing the Lesson Assignment.
Key Ideas
- GST is a 5% tax on many goods and services. It is added to the cost of an item.
- Business owners will markup the price of an item to make a profit.
- Business owners will markdown the price of an item to entice customers to buy their products or services.
Key Terms
- Markup
- Markdown
- Promotion
- Percent increase
- Percent decrease
- GST
- Discount
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