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Ratios & Proportions

vocab for ratios and proportions

ratio a mathematical statement that compares or shows the relationship between two or more things
unit rate ratio of two measurements in which the second term is 1
table a list of values arranged in rows and columns
graph a depiction of a set of data in the coordinate plane
equation a mathematical statement that says two values are the same or equal
proportion an equation stating that two ratios are equivalent
interest a fee paid on borrowed assets or the price paid for the use of borrowed money
percent increase a measurement, expressed in the form of a percent, of how much value something gains
percent error a measurement, expressed in the form of a percent, of how close something is to the actual value
sales tax an amount of money charged by the government when you buy something at a store
gratuity money given in appreciation over and above what is due, usually in the form of a tip to a waiter or waitress
commission a fee paid to a salesperson for providing a service
mark up to increase the price of an item often in order to make a large profit
mark down a period of time when a store sells something at a reduced price
Created by: lepressley