Percent Vocabulary

Front

What is Income Tax?

Back

A personal tax collected on annual income.

Front

What does the equation x/whole = % number/100 represent?

Back

Finding the Part.

Front

What is a Commission?

Back

A fee paid based on a percentage of the sale made by an employee or agent.

Front

What is Profit?

Back

Money the business keeps after paying operating expenses.

Front

What is a Fee?

Back

Fees are any additional charges.

Front

What is the formula to find the percent?

Back

(Part/Whole) x 100 = Percent.

Front

What is a Discount?

Back

A reduction in the price of a product or service.

Front

What is Mark-Up?

Back

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

Front

What does Finding the Whole mean?

Back

Determining the total amount when a part and its percentage are known.

Front

What is the Percent Proportion?

Back

A method to find a part, whole, or percent using ratios.