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
Vocalbulary module 2
| Term | Definition |
|---|---|
| percent of change | a ratio that compares the change in a quantity to the original amount. Formula- amount of change/original amount times 100 |
| percent of increase | a positive percent of change |
| percent of decrease | a negative percent of change |
| sales tax | an additional amount of money charged on items that people buy |
| gratuity | also known as a tip. It is a small amount of money in return for a service. |
| tip | Also known as a gratuity, it is a small amount of money in return for a service. |
| markup | The amount the price of an item is increased above the price the store paid for the item. |
| selling price | The amount the customer pays for an item. |
| wholesale cost | The amount the store pays for an item. |
| discount | The amount by which the regular price of an item is reduced. |
| markdown | An amount by which the regular price of an item is reduced. |
| interest | The amount paid or earned for the use of the principal. |
| principal | The amount of money deposited or borrowed. |
| simple interest | The amount paid or earned for the use of money. Formula: I=prt. |
| commission | A payment equal to a percent of the amount of goods or services that an employee sells for the company. |
| fee | A payment for a service. It can be a fixed amount, a percent of the charge, or both. |
| percent error | A ratio that compares the inaccuracy of an estimate (amount of error) to the actual amount. |
| amount of error | The positive difference between the estimate and the actual amount. |
Created by:
Mercedez