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MAYFIELD Percent Voc
Vocabulary Words
| Term | Definition |
|---|---|
| percent proportion | A method of solving percent problems with 2 equal fractions with the percent number over 100 and IS over OF for the 2nd fraction |
| percent equation | A method of solving percent problems that describes the relationship between part, whole, and percent |
| sales tax | Additional money added onto items/services bought that goes to the government |
| discount | The amount of money an item is reduced. It is subtracted from the total. |
| tip | Additional money paid for services given; usually waitress or waiters. |
| gratuity | Another word for tip. Additional money paid for a service. |
| percent of change | This is a fraction that compares the change in quantity from the new amount to the original amount |
| percent increase | A positive percent of change; the price goes up |
| percent decrease | A negative percent of change; the price goes down |
| simple interest | Extra money paid to a bank to be able to borrow money |
| principal | The amount of money borrowed from a bank |