8.CE.1 Consumer Math Vocab Flashcards

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Discount

Back

An amount SUBTRACTED from the original price to determine the selling price. Also known as a markdown.

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Markup

Back

An amount ADDED to the original price to determine the selling price. This is used to make a profit.

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Tax

Back

An amount ADDED to the original price of a product. Money is used to fund education, health care, etc.

Front

Tip (gratuity)

Back

An amount ADDED to the original price of a service.

Front

Percent Increase

Back

When the new number is BIGGER than the original number, you will have a percent INCREASE!

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Percent Decrease

Back

When the new number is SMALLER than the original number, you will have a percent DECREASE!

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Proportional

Back

Two quantities are directly proportional if, as one quantity increases, the other quantity also increases at the same rate.

Front

Sale Price/Resulting Total

Back

The price you pay after a tax, tip, discount, or markup has been applied.

Front

Final Price

Back

The price you pay after a tax, tip, discount, or markup has been applied.

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Apply

Back

The process of using mathematical steps to solve a problem.