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Mod 2 vocab
mod 1 vocab
| Question | Answer |
|---|---|
| amount of error | the positive difference between the estimate and the actual amount |
| commission | A payment equal to a percent of the amount of goods or services that an employee sells for the company . |
| discount | the amount by which the regular price of an item reduces . |
| fee | a payment for a service . It can be a fixed amount, a percent of the charges or both. |
| gratuity | Also known as a tip. It is a small amount of money in return for a service. |
| interest | The amount paid or earned for a use of the principal. |
| markdown | An amount by which the regular price of an item |
| markup | The amount the price of an item is increased above the price the store paid idem . |
| percent error | A ratio that compares the inaccuracy of an estimate |
| percent change | A ratio that compares the change in a quantity to the og amount |
| percent of decrease | a negative percent change |
| percent of increase | a postive percent change |
| principal | An additinal aamount of money cahrged on items for peopel to buy |
| sales tax | |
| selling price | The amount the customer pays for an item |
| simple interest | The amount paid or earned for use for money |
| tip | |
| wholesale cost |