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EDU6260 test

Algebra

QuestionAnswer
Commission Money paid to a person for making a sale, usually a percent of the sale amount.
Contradiction An equation that has no solution.
Conversion factor The ratio of two equal quantities, each measured in different units.
Discount An amount by which an original price is reduced.
Equation A mathematical statement that two expressions are equivalent.
Formula A literal equation that states a rule for a relationship among quantities
Identity An equation that is true for all values of the variables.
Interest The amount of money charged for borrowing money or earned when saving money.
Markup The amount by which a wholesale cost is increased.
Percent A ratio that compares a number to 100.
Rate A ratio that compares two quantities measured in different units
Ratio a comparison of two quantities by division
Unit rate A rate in which the second quantity in the comparison is one unit.
Created by: galbreath01
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