The positive difference between the estimate and the actual amount.

A payment equal to a percent of the amount of goods or services that an employee sells for the company.

The amount by which the regular price of an item is reduced.

a payment for a service. it can be a fixed amount, a percent of charge, or both.

Also known as a tip. it is a small amount of money in return for a service.

The amount paid or earned for the use of the principal.

n amount by which the regular price of an item is increased above the price the store paid for the item

the amount the price of an item is increased above the price the store paid for the item.

A ratio that compares the inaccuracy of an estimate (amount of error) to the actual amount.

A ratio that compares the change in a quantity to the original amount.

The amount of money deposited or borrowed.

An additional amount of money charged on items that people buy

The amount the customer pays for the item.

The amount paid or earned for the use of money. the formula for simple Interest is I= prt.

Also known as gratuity, it is a small amount of money in return for a service.

The amount the store pays for an item.

Help

Options

focusNode

Didn't know it?
click below

Knew it?
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

Mod 2 Vocab

Term	Definition
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 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	n amount by which the regular price of an item is increased above the price the store paid for the item
Markup	the amount the price of an item is increased above the price the store paid for the item.
Percent Error	A ratio that compares the inaccuracy of an estimate (amount of error) 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
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 the item.
Simple Interest	The amount paid or earned for the use of money. the formula for simple Interest is I= prt.
Tip	Also known as 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-1981838

"Know" box contains:
Time elapsed:
Retries: