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Lesson 21 vocab math

math vocabulary 21

TermDefinition
Percent change the amount of change compared to the original (or starting) amount, expressed as a percent
Percent decrease the percent change when a quantity decreases from its original amount
Percent error the difference between the correct value and the incorrect value compared to the correct value, expressed as a percentage
Percent increase the percent change when a quantity increases from its original amount
Commission a fee paid for services, often a percent of the total cost
Markdown a amount subtracted from the cost of an item to determine the final price; often a percent of the cost
Markup an amount added to the cost of an item to determine the final price; often a percent of the cost
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