Percent Vocabulary & Questions

Multiple Choice

What is a commission?

• money earned by the business owner

• money given to the customer

• money given to the state

• Money earned by the sales person

Multiple Choice

mark up

• an increase

• a decrease

Multiple Choice

What is a mark down?

• sale price

• discount

• mark up

• percent

Multiple Choice

What is a Tip ?

• Additional money given for a service

• money your server gives you

• a frog

• money you keep

Multiple Choice

A reduction from the original selling price (long term)

• Mark-Down

• Sales Tax

• Gratuity/Tip

• Income Tax

Multiple Choice

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

• Discount

• Finding the Whole

• Mark-Down

• Mark-Up

Multiple Choice

To deduct or subtract from a cost or price (short-term)

• Commission

• Sales Tax

• Discount

• Mark-Up

Multiple Choice

A fee paid based on a percentage of the sale made by an employee or agent, as distinguished from regular payments of wages or salary

• Commission

• Calculating the Whole

• Mark-Up

• Percent Proportion

Multiple Choice

A small sum of money given to someone for performing a service (waiters, hairdressers)

• Calculating the Part

• Mark-Down

• Gratuity/Tip

• Calculating the Whole

Multiple Choice

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

• Gratuity/Tip

• Mark-Up

• Percent Proportion

• Sales Tax

Multiple Choice

A percent you add to your bill to reward good service.

• Mark Up

• Rebate

• Commission

• Tip

Multiple Choice

The percent decrease of price for an item on sale.

• Commision

• Discount

• Interest

• Rebate

Multiple Choice

The percent added to the subtotal. Paid to the government.

• Tip

• Incomt Tax

• Sales Tax

• Interest

Multiple Choice

Joyce bought a sequin top for 20% off

• Sales Tax
• Tip/Gratuity
• Commission
• Discount

Multiple Choice

Even though I bought $10 worth of pencils, I had to pay $10.88

• Sales Tax
• Tip/Gratuity
• Commission
• Discount

Multiple Choice

Mike used a coupon and only spent $13 instead of $22

• Sales Tax
• Tip/Gratuity
• Commission
• Discount

Multiple Choice

Sales tax is __________ to the price

• subtracted
• added
• multiplied
• divided

Multiple Choice

Tips are added to the total bill.

• True

• False

Multiple Choice

Sales tax, when you buy something, is an amount that is set by the government and______________onto the original price

• rate

• subtracted

• multiplied

• added

Multiple Choice

A markup is the amount _________to a price of an item, so the business can make a profit

• subtracted

• added

• multiplied

• divided

Multiple Choice

What is a discount?

• The amount added from the normal price of an item-another term for markdown

• The amount subtracted from the normal price of an item-another term for markdown

• The amount multiplied from the normal price of an item-another term for markdown

• Counting backwards.

Multiple Choice

What is a commission?

• An amount paid to an employee based on a percentage of the employee's sales (employee gets paid some, but not all, of what s/he earned)

• An amount paid to an employee per hour. (employee gets paid everything per hour)

• A diploma.

• A job.

Multiple Select

A decrease in the original price of an item

• Discount

• Percent Increase

• Markdown

• Simple Interest

Multiple Choice

What a store does to make a profit.

• Percent Portion

• Markdown

• Discount

• Markup

Multiple Choice

What is the equation for percent Interest

• I=KST

• A=PRT

• I=PRT

• I=PYT

Multiple Choice

A percent you add to your bill to reward good service.

• Mark Up

• Rebate

• Commission

• Tip

Multiple Choice

The percent a salesman earns on a sale.

• Rebate

• Tip

• Commission

• Mark Up