Chapter 6 Vocabulary-Percents

Front

What is a percent of change?

Back

A percent of change is the percent that a quantity changes from the original amount.

Front

What is a percent of increase?

Back

When the original amount increases, the percent of change is called a percent of increase.

Front

What is a percent of decrease?

Back

When the original amount decreases, the percent of change is called a percent of decrease.

Front

What is a percent error?

Back

A percent error is the percent that an estimated amount differs from the actual amount.

Front

What is a discount?

Back

A discount is a decrease in the original price of an item.

Front

What is markup?

Back

The increase from what a store pays to the selling price is called the markup.

Front

What is interest?

Back

Interest is money paid or earned for using or lending money.

Front

What is the principal?

Back

The principal is the amount of money borrowed or deposited.

Front

What is simple interest?

Back

Simple interest is money paid or earned only on the principal.