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Percents

TermDefinition
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