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Percents
| Term | Definition |
|---|---|
| discount | the amount by which the regular price of an item is reduced |
| gratuity | also known as the tip - it is a small amount of money in return for a service |
| markdown | the amount by which the regular price of an item is reduced |
| markup | the amount the price of an item is increased above the price the store paid for the item |
| percent equations | part = % x whole |
| percent error | a ratio that compares the inaccuracy of an estimate to the actual amount |
| percent of change | a ratio that compares the change in a quantity to the original amount |
| percent of decrease | a negative percent of change |
| percent of increase | a positive percent of change |
| percent proportion | a ratio or fraction that compares part of a quantity to a whole quantity |
| principal | the amount of money deposited or borrowed |
| sales tax | an additional amount of money charged on items people buy |
| selling price | the amount the customer pays for an item |
| simple interest | the amount paid or earned for the use of money |
| tip | a small amount of money in return for a service |
Created by:
barker7
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