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Math 7th:Chapter 6
Chapter 6 vocabulary
| Term | Definition |
|---|---|
| discount | a deduction from the usual cost of something |
| gratuity | a tip given to a waiter, taxicab driver, etc. |
| markdown | a reduction in price. |
| markup | the amount added to the cost price of goods to cover overhead and profit. |
| percent equation | an equation that describes the relationship between part, while and percent |
| percent of error | a ratio that compares the inaccuracy of an estimate (amount of error) to the actual amount |
| percent of change | A ration that compared the change in a quantity to the original amount |
| percent of decrease | a negative percent of change |
| percent of increase | a positives percent of change |
| percent proportion | one ratio or fractions that compares part of a quantity to the quantity. The other ratio is equivalent percent written as a fraction with a denominator of 100. |
| principle | the amount of money deposited of borrowed |
| sales tax | a tax on sales or on the receipts from sales |
| selling price | asking price: the price at which something is offered |
| simple interest | interest paid on the principal alone |
| tip | a sum of money given to someone as a reward for their services. |
Created by:
tkorth
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