Discount - A reduction in price, VAT - The amount added onto goods by law, usually 20%., Profit - Money made by a business after expenses are taken away, Loss - When costs are greater than income., Selling Price - The amount an item is sold for., Commission - Extra pay earned from a percentage of sales, Gross Pay - Pay before any deductions., Net Pay - The final pay you take home after deductions., Formula - A calculation typed into a cell, SUM - Adds up a range of numbers., Absolute Cell Reference - A fixed cell reference that doesn’t change when copied (e.g. $A$1)., Chart/Graph - Shows data visually, e.g. bar or pie chart, Sort - Re-orders data, e.g. alphabetical,

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