Help
Options
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't Know
Remaining cards (0)
Know
retry
shuffle
restart
0:00
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Mod 2 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 is reduced |
| fee | A payment for a service. It can be a fixed amount, a percent of the charge, 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 by which the regular price of an item is reduced |
| percent 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 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 a gratuity, it is a small amount of money in return for a service |
| wholesale cost | The amount the store pays for an item |
Created by:
user-1981857