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Math flashcards for 7th grade
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Terms in this set (9)
Percent
Ratios that compare a number to 100
Percent Change
Ratio of the amount of change to the original amount
Commission
Fee paid to a person who makes a sale (profit)
Commission Rate (percentage)
Percent of the selling price
Interest
The amount of money charged for borrowing or using money
I=PRT
Simple Interest
One type of fee paid for the use of money
Principal
The amount of money borrowed or invested
Rate of Interest
Percent charged or earned
Profit
Income or Total Sales - Costs = profit
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