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Percents
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Key Concepts:
Terms in this set (16)
percent
parts out of 100
of
multiply
percent proportion
one ratio or fraction that compares part of a quantity to the whole quantity, the other ratio is an equivalent percent written as a fraction with a denominator of 100
discount
the amount by which the regular price of an item for sale is reduced
gratuity(tip)
a small amount of money in return for a service (customer adds to bill amount)
markdown
the amount by which the regular price of an item for sale is reduced
markup
the amount of money a business increases an item for sale by
percent error
a ratio that compares the inaccuracy of an estimate (amount of error) to the actual amount
percent decrease
a decrease in an original quantity
percent increase
an increase in an original quantity
sales tax
an additional amount of money the government charges on items that people buy
selling price
the amount a customer pays for an item
percent equation
part=(percent)x(whole)
simple interest
Interest earned only on the original principal amount invested
percent of change
the percent a quantity increases or decreases from its original amount
is
=
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