a fee paid for services, often a percent of the total cost

an amount added on to the cost of a service, often a percent of the total cost; often referred to as a tip

an amount subtracted from the cost of an item to determine the final price; the amount subtracted is often a percent of the cost

an amount added to the cost of an item to determine the final price; the amount added is often a percent of the cost

a percent of an original amount that is borrowed or invested, paid at the end of a set period of time

a percent of income or of the cost of goods or services paid to the government

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Math 20

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Term	Definition
commission	a fee paid for services, often a percent of the total cost
gratuity	an amount added on to the cost of a service, often a percent of the total cost; often referred to as a tip
markdown	an amount subtracted from the cost of an item to determine the final price; the amount subtracted is often a percent of the cost
markup	an amount added to the cost of an item to determine the final price; the amount added is often a percent of the cost
simple interest	a percent of an original amount that is borrowed or invested, paid at the end of a set period of time
tax	a percent of income or of the cost of goods or services paid to the government
percent	per 100; a rate per 100

Created by: user-1857571

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