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mod 2
| Question | Answer |
|---|---|
| amount of error | the positive difference between the estimate and the actual amount. |
| commision | a payment equal to a percent of the amount of goods or services that an employment sells for a 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 change 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 the use of the principal. |
| markdown | An amount by which the regular price of an item is reduced. |
| markup | The amount the price of an item is increased above the price the store paid for the item. |
| percent of error | A ratio that compares the inaccuracy of an estimate to the actual amount. |
| percent of change | A ratio that compares the change in a quantity to the original amount. |
| percent of decrease | a negative percent of change. |
| percent of increase | a positive percent of change. |
| principal | the amount of money deposited or borrowed. |
| sales tax | an additional amount of money charged on items that people buy. |
| selling price | the amount the customer pays for an item |
| simple interest | the amount paid or earned for the use of money. |
| tip | also known as gratuity, it is small amount of money In return for a service |
| wholesale cost | The amount the store pays for an item. |
| . |
Created by:
user-1835355