Percents Vocabulary

Question 1

Simple Interest

Answer 1

The amount paid or earned for the use of someone else’s money

Question 2

Tip

Answer 2

A small amount of money in return for a service. AKA: commission
For example: service at a restaurant

Question 3

Selling Price

Answer 3

The amount of money a customer pays for an item

Question 4

Selling Price

Answer 4

The amount of money a customer pays for an item

Question 5

Sales Tax

Answer 5

An additional amount of money charged on items that people buy

Question 6

Principal

Answer 6

The amount of money deposited or borrowed

Question 7

Percent Proportion

Answer 7

One ratio or fraction compares part of a quantity to the whole quantity

Question 8

Percent of Increase

Answer 8

If the original quantity is increased

Question 9

Percent of decrease

Answer 9

If the original quantity is decreased

Question 10

Percent of Change

Answer 10

A ratio that compares the change in quantity to the original amount

Question 11

Percent Error

Answer 11

A ratio that compares the inaccuracy of an estimate, or amount of error, to the actual amount

Question 12

Percent Equation

Answer 12

Part=Percent•whole

Question 13

Markup

Answer 13

The amount of increase on an item a store purchases at a lower price.

Question 14

Markdown

Answer 14

AKA a discount

Question 15

Gratuity

Answer 15

AKA a tip

Question 16

Discount

Answer 16

The amount by which a regular price of an item is reduced. The sale price is the regular price minus the discount