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Percentage

Math Terminology

TermDefinition
Multiplier A number by which another number is multiplied.
GST Goods and services tax (GST) is a tax of 10% on most goods, services and other items sold or consumed in Australia.
Percentage A percentage is a fraction whose denominator is 100.
Mark-up The amount (in dollars or as a percentage) a retailer increases the cost price by to make a profit on the sale.
Discount The amount subtracted from the original price of an item.
Profit To make money on a deal. When revenue exceeds expenses.
Loss To lose money on a sale or business deal. When costs exceed revenue.
Revenue To make money from a sale or service. If revenue exceeds cost, a profit will be made.
Expense The money spent on something.
Created by: sscecil
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