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Mrs divine lesson 20
| commission | commission – a fee paid for services, often a percent of the total cost |
| gratuity | 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 | 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 | 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 | simple interest – a percent of an original amount that is borrowed or invested, paid at the end of a set period of time |
| tax | tax – a percent of income or of the cost of goods or services paid to the government |
| percent | percent – per 100; a rate per 100 |
| proportional relationship | proportional relationship – the relationship between two quantities where one quantity is a constant multiple of the other quantity |
| rate | rate – a ratio that tells the number of units of one quantity for 1 unit of another quantity |
| discount | discount – an amount taken off of an original price |
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