Percent Vocabulary

Front

What is Sales Tax?

Back

A tax based on the cost of the item purchased and collected directly from the buyer.

Front

What is a Mark Down?

Back

A discount applied to the original price of an item.

Front

What is 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 a Mark-Up?

Back

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

Front

What is a Discount?

Back

A reduction in the price of a product or service.

Front

What is Percent Proportion?

Back

A relationship between two ratios, often used to find a percentage of a whole.

Front

What does it mean to Calculate the Whole?

Back

To find the total amount from a given percentage.

Front

What is a Sale Price?

Back

The price of an item after a discount has been applied.