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Mod 2 Vocab

TermDefinition
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 is reduced.
fee A payment for a service. It can be a fixed amount, a percent of the change, or both.
gratuity also know as a tip .it is a small amount of money in return for a service
interest the amount paid or earned for the use of the principal.
markdown
markup
percent error
percent change
percent of decrease
percent of increase
principal
sales tax
selling prices
simple interest
tip
wholesale cost
Created by: user-1975172
 

 



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