Percent Vocabulary

Front

What is a unit rate?

Back

A unit rate is a ratio that compares a quantity to one unit of another quantity, often expressed as having a denominator of one.

Front

What is Income Tax?

Back

Income Tax is a personal tax collected on annual income earned by individuals.

Front

What is Sales Tax?

Back

Sales Tax is a tax based on the cost of an item purchased, collected directly from the buyer at the point of sale.

Front

What is a Gratuity/Tip?

Back

A Gratuity or Tip is a small sum of money given to someone for performing a service, commonly given to waiters and hairdressers.

Front

What is the formula for finding the part in a percent problem?

Back

The formula is part/x = % number/100.

Front

What does 'percent' mean?

Back

Percent means 'per hundred' and is a way to express a number as a fraction of 100.

Front

How do you convert a fraction to a percent?

Back

To convert a fraction to a percent, divide the numerator by the denominator and multiply by 100.

Front

What is a discount?

Back

A discount is a reduction in the price of an item, often expressed as a percentage of the original price.

Front

What is commission?

Back

Commission is a fee paid to an employee or agent for services rendered, often calculated as a percentage of sales.

Front

What is the relationship between percent, part, and whole?

Back

The relationship is expressed as: Percent = (Part/Whole) x 100.