The document discusses sales promotions and discounts. It defines a promotion as an activity that increases awareness or attracts customers. A discount lowers the original price by a percentage, while a markup raises the original price. The document provides examples of calculating discounted prices and sale prices with taxes. It shows how to calculate the discounted price of a $189.95 jacket discounted 25% ($142.46) and the sale price of a $115.58 stereo discounted 15% including taxes ($108.06).