click below
click below
Normal Size Small Size show me how
Percent Problems
Vocabulary for Percent Problems Unit Grade 7
Term | Definition |
---|---|
Annual Percentage Rate | The percentage of the principal that you either pay or earn per year. |
Discount | An amount of money (calculated as a percent of a price) that gets subtracted from the original price. |
Markup | An amount of money (calculated as a percent of a wholesale price) that gets added to the original price. |
Percent | A ratio that compares a number to 100. |
Percent of Change | A percent that describes the amount of change made from one quantity to another. |
Percent of Decrease | A percent of change that occurs when the new amount is less than to original amount. |
Percent of Increase | A percent of change that occurs when the new amount is greater than the original amount. |
Principal | An amount of money that is either deposited or borrowed. |
Retail Price | The price that a store puts on a product to sell. |
Simple Interest | An amount of money (calculated as a percent of a principal over a specific amount of time) that is paid to someone for the use of money. |
Tax | An amount of money (calculated as a percent of a final price) that gets added to the purchase and goes to the government. |
Tip | A percent of a purchase that is paid to someone who provides a specific service; like waiters, waitresses, or taxi drivers. |
Wholesale Price | The price a store pays to a manufacturer in order to get products on the shelves. |