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Terms in this set (15)
Percent
A ratio whose denominator is 100. The symbol for pecent is %
Percent proportion
A over b= p over 100
Percent equation
A=p%(h)
Base
The whole amount in the percent problem
percent of change
A percent that indicates how much a quantity increases or decreases with respect to the original amount
wholesale price
The factory price
Retail price
.the store price
Markup
The increase from wholesale price to retail price
Discount
The decrease from the original price of an item to the sale price.
Interest
The account of money earned or paid for the use of money
Principal
The amount of money that is deposited or borrowed
Simple interest
Interest that is earned or paid only on the principal amount
Annual interest rate
The percent of the principal earned or paid per year
Balance
The sum of the principal and all interest earned
Compound interest
Interest that is earned on both the principal and any interest that has been earned perviously
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