Percent Terminology

The part or piece is the same as the

• whole.

• percent.

• 100%.

• chicken wing.

The whole is the same as

• 100%.

• the part or piece.

• the percent.

• turkey wings.

Sales tax is considered a

• mark up (increase to the original price)

• mark down (decrease to the original price)

A discount is considered a

• mark up (increase to the original price)

• mark down (decrease to the original price)

Commission (a % of sales earned by the seller) is considered a

• mark up (increase to the original price)

• mark down (decrease to the original price)

A tip is considered a

• mark up (increase to the original price)

• mark down (decrease to the original price)

Gratuity (a tip automatically added to your bill) is considered a

• mark up (increase to the original price)

• mark down (decrease to the original price)

A markup is

• an increase to the original amount.

• a decrease to the original amount.

• does not change the original amount

A markdown is

• an increase to the original amount.

• a decrease to the original amount.

• does not change the original amount

A coupon is considered a

• mark up (increase to the original price)

• mark down (decrease to the original price)