Percentage/

(1)
The persons who bring the buyer and seller of certain goods like land, house, second-hand cars etc. are calledbrokers. The remuneration charged by them is calledBrokerage orCommission.

(2)
Brokerage issubtracted from the total amount received by the seller. It isadded to the total amount to be paid to the buyer.

(3)
Sometimes traders sell their goods at a lower price compared to the market price. The difference between the market price and such lower price is calledDiscount. The discount amount issubtracted from the market price.

(4)
The tax charged by the State Government on certain items is calledSales Tax. The sales tax isadded to the price of the goods.

(5)
The tax imposed by a local authority like a Municipality on certain goods is calledOctroi. Octroi, like sales tax isadded to the price of the goods.