Percentages Vocabulary

discount

• the amount by which the regular price of an item is reduced (decreased).
• the amount the customer pays for an item

Tags

CCSS.7.RP.A.3

CCSS.7.RP.A.2

commission

• an amount paid to an employee based on a percentage of the employee's sales (based on how much they have sold, like a reward for selling more things)
• a fixed amount of money paid to an employee for each pay period
• an amount of money paid for a particular piece of work or for a particular right or service

Tags

CCSS.7.RP.A.3

CCSS.7.RP.A.2

CCSS.7.RP.A.1

sales tax

• a tax on the dollar value of a good or service being sold
• an amount of money paid to an employee at a specified rate per hour worked
• the FINANCIAL GAIN ($$$ made) in a transaction after any of the seller's costs have been subtracted out

Tags

CCSS.7.RP.A.3

CCSS.7.RP.A.2

markup

• amount a shop adds to the cost price of goods, so they can make a profit
• the discount - the amount taken off the original price charged for an item
• a percentage of your earnings paid to the government, to fund government spending

Tags

CCSS.7.RP.A.3

markdown

• the discount - the amount taken off the original price charged for an item
• an amount paid to an employee based on a percentage of the employee's sales (based on how much they have sold, like a reward for selling more things)
• a tax on the dollar value of a good or service being sold

Tags

CCSS.7.RP.A.3

CCSS.7.RP.A.2

tip

• also known as a gratuity, money paid in return for a service (as a percentage of the total bill)
• incoming money
• an amount paid to an employee based on a percentage of the employee's sales (based on how much they have sold, like a reward for selling more things)

Tags

CCSS.7.RP.A.3

CCSS.7.RP.A.2

gratuity

• another word for a tip - an extra amount added to the total bill, paid to the server or worker
• A percent change describing a decrease in a quantity
• incoming money
• feeling thankful for something

Tags

CCSS.7.RP.A.3

salary

• a fixed amount of money paid to an employee for each pay period
• when a business's expenses (money going out) are more than its revenues (money coming in)
• fallen in value

Tags

CCSS.7.RP.A.3

retail price

• also called the selling price - the total price charged for a product sold to a customer
• price a store owner pays to the manufacturer for an item that they will then sell to the public
• the amount left over after subtracting, the amount that has already been paid

Tags

CCSS.7.RP.A.3

The (a)   is the price a store pays to buy an item before they sell it.

• wholesale price
• retail price
• sale price