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Chapter 6 vocab math
Percents
| Vocab Word | Definition |
|---|---|
| Percent equation- | part=percent x whole |
| Percent proportion - | One ratio or fraction compares part of a quantity to the whole quantity. |
| Percent of change- | is a ratio that compares the change in quantity to the original amount |
| percent of increase- | When the percent of change is positive |
| percent of decrease - | When the percent of change is negative |
| Sales Tax | an additional amount of money charged on items that people buy |
| Tip | a small amount of money in return for a service |
| Gratuity | a small amount of money in return for a service |
| Discount | the amount by which the regular price of an item is reduced |
| Principal | is the amount of money deposited or borrowed |
| Simple Interest | the amount paid or earned for the use of money |