EL #3: Solve Percent Problems

Front

Percent of Change

Back

The ratio of the amount of change to the original amount, expressed as a percentage.

Front

Sales Tax

Back

An additional amount of money charged on items that people buy, usually a percentage of the purchase price.

Front

Tip

Back

An extra amount of money given for a service, usually a percentage of the total bill.

Front

Markup

Back

The amount added to the cost price of goods to cover overhead and profit.

Front

Discount

Back

A reduction in the usual price of something.

Front

Simple Interest

Back

Interest calculated on the principal portion of a loan or deposit.

Front

Commission

Back

A fee paid to an agent or employee for transacting a piece of business or performing a service.

Front

Principal

Back

The initial amount of money borrowed or invested, before interest.

Front

Balance

Back

The amount of money owed or remaining in an account.

Front

Interest Rate

Back

The percentage at which interest is charged or paid on an amount of money.