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Chapter 6 vocab math
Percents
Vocab Word | Definition |
---|---|
Percent equation- | part=percent x whole |
Percent proportion - | One ratio or fraction compares part of a quantity to the whole quantity. |
Percent of change- | is a ratio that compares the change in quantity to the original amount |
percent of increase- | When the percent of change is positive |
percent of decrease - | When the percent of change is negative |
Sales Tax | an additional amount of money charged on items that people buy |
Tip | a small amount of money in return for a service |
Gratuity | a small amount of money in return for a service |
Discount | the amount by which the regular price of an item is reduced |
Principal | is the amount of money deposited or borrowed |
Simple Interest | the amount paid or earned for the use of money |