Percent Vocabulary

Front

Percent is based out of ______?

Back

100

Front

What is a commission?

Back

Money earned by the sales person

Front

What does 'mark up' mean?

Back

An increase

Front

What is a discount price?

Back

The price of an item after a discount is applied

Front

What is a fee?

Back

Fees are any additional charges

Front

What is the formula to calculate percent?

Back

(Part/Whole) x 100

Front

What does 'net price' mean?

Back

The final price after all discounts and fees are applied

Front

What is a sales tax?

Back

A percentage added to the sale price of goods and services

Front

What is the difference between gross and net income?

Back

Gross income is total earnings before deductions; net income is what remains after deductions.

Front

What is a markup percentage?

Back

The percentage increase from the cost price to the selling price.