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Discount
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Percent Vocab-Money

Discount, Markup, Tax, Tip, Interest, Principle, Simple Interest, Etc.

TermDefinition
Discount A decrease from the original price of an item.
Markup An increase from what the store pays to the selling price
Interest Is money paid or earned for using or lending money
Principal The amount of money borrowed or deposited
Simple Interest The money paid or earned only on the principal
Sale Price = (Original Price) - (Discount Amount)
Markup Price = (Price Paid by the Store) + (Markup Amount)
Simple Interest = (Principle)(Interest Rate)(Time)
Created by: user-1762622
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