Topic 3 - Analyze and Solve Percent Problems (Fast and Curious)

Front

What is a percentage of the total sales amount that a salesperson earns for selling a product or service?

Back

Commission

Front

What is the percentage decrease in the original price of an item when it's put on sale?

Back

Percent Mark-down

Front

What is the term for taking money out of an account or a decrease in the amount of money you have?

Back

Withdrawal

Front

What is a way to represent and solve problems involving percentages?

Back

Percent Equation

Front

What is a way to calculate the interest earned or paid on a principal amount over a certain period of time at a fixed interest rate?

Back

Simple Interest

Front

What is the formula to calculate the percentage of a number?

Back

(Part/Whole) x 100

Front

What is the term for the original amount before any percentage is applied?

Back

Principal

Front

What do you call the amount added to the original price of an item to determine the selling price?

Back

Markup

Front

What is the term for the amount deducted from the original price of an item during a sale?

Back

Discount

Front

What is the formula for calculating a percentage increase?

Back

((New Value - Original Value) / Original Value) x 100