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Math Vocabulary
| Term | Definition |
|---|---|
| Markup | The amount the price by which the regular price of an item is reduced. |
| Markdown | An amount by which the regular price of an item is reduced. |
| Gratuity | Also known as a tip. It is a small amount of money in return for service. |
| Discount | The amount by which the regular price of an item is reduced. |
| Percent Error | A ratio that compares the inaccuracy of an estimate (amount of error) to the actual amount. |
| Percent of Change | A ratio that compares the change in a quantity |
| Percent of Decrease | A negative percent of change. |
| Percent of Increase | A positive percent of change. |
| Percent Proportion | One ratio or faction that compare part of a quantity to the whole quantity. |
| Princpal | The amount of money deposited or borrowed. |
| Sales Tax | An additional amount of money changed |
| Scale Drawing | A drawing that is used to represent the objects that are to large or to small to be drawn at the actual size. |
| Sale Model | A model used to represent objects that are to large or to small to be built actual size. |
| Scale | The scale that gives the ratio that compares the measurement of a drawing or model to the measurements of the real object. |
| Selling Price | The amount that a customer pays of an item. |
| Simple Interest | The amount paid or earned for the use of money. The formula for simple interest is I=prt. |
| Tip | Also know as gratuity, it is a small amount of money in return for service. |
Created by:
makayla_sierra13
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