Chapter 7 Terms

Question 1

The word percent comes from the Latin word

Answer 1

per centum

Question 2

per centum translates into…

Answer 2

Per 100

Question 3

this symbol %bis used to denote what

Answer 3

percent

Question 4

Percent To Decimal

Answer 4

Decimal 2 Place values Left

Question 5

Decimal to Percent

Answer 5

Decimal 2 Place values Right

Question 6

when writing a percent as a fraction it is usually written in ____ ____

Answer 6

Simplest Form

Question 7

Percent to Fraction

Answer 7

1)%/B x 1/1002)Simplify

Question 8

How to change a mixed fraction percent into a fraction

Answer 8

1) Remove the % and convert the mixed fraction into a improper fraction 2) Multiply times 0.01

Question 9

Fraction to Percent

Answer 9

A/B x 100/1

Question 10

Percent Decimal Combo to Fraction

Answer 10

1) %/B x 1/1002) Move Decimal point of Numerator to make it a whole # and adjust Denom. accordingly.

Question 11

In a percent problem the word “of” means…

Answer 11

Multiplication

Question 12

In a percent problem the word “is” means…

Answer 12

Equals

Question 13

In a percent problem the word “What, or some equivalent” means…

Answer 13

the variable

Question 14

When solving percent problems there are three factors, they are

Answer 14

The Percent, The Base, The Amount.

Question 15

The typical formula for for percent equations are…

Answer 15

Percent x Base = Amount (or any variation)

Question 16

In order to solve a Percent Equation, ______ the equation and then convert the percent to a _____ and solve

Answer 16

Translate/Decimal

Question 17

After solving the equation if the variable was the percentage dont forget to convert from _____ to _____

Answer 17

Decimal/Percent

Question 18

One ratio which represents a part of a quantity that compares to the whole quantity using a percent.

Answer 18

Percent Proportion

Question 19

What is the Formula for a Percent Proportion

Answer 19

amount/base=%/100

Question 20

To identify the Amount in word problems…

Answer 20

Look for the quantity compared to the whole

Question 21

To identify the Base in word problems…

Answer 21

Look for what is followed after the word ‘of’

Question 22

To Identify the Percent in word problems…

Answer 22

Look for the word “Percent” or the “% sign”

Question 23

What are the two ways to solve a percent problem?

Answer 23

A “Percent Equation”or A Percent Proportion

Question 24

After making a percent proportion you can ______ the proportion before solving.

Answer 24

Simplify

Question 25

Formula for Percent increse

Answer 25

Percent increse = Amount of increse / original amount

Question 26

Formula for Percent decrese

Answer 26

pecent decrese= amount of decrese/ original amount

Question 27

After you solve for the percent increse/decrese the answer will be in_____ form. Dont forget to convert it to ______ form.

Answer 27

Decimal/ Percent

Question 28

Formula for sales tax

Answer 28

sales tax = tax rate x purchase price  Total= Purchase price= sales tax

Question 29

The formula for commisson

Answer 29

Commission = Commission Rate x Sale

Question 30

Formula Discount + Sale Price

Answer 30

Amount of discount=  Discount rate x Original Price Sale Price= Original price - Amount of discount

Question 31

Interest

Answer 31

Money charged or earned on money

Question 32

Principal Amount (principal)

Answer 32

The amount loaned or invested

Question 33

Interest Rate

Answer 33

The percent used in computing the interest

Question 34

Simple interest formula

Answer 34

Simple interest = principal x rate x time

Question 35

Total amount formula

Answer 35

Total amount =principal + interest

Question 36

Compound interest

Answer 36

Interest that is computed based on the total amount