Percent Application Vocabulary

What is the principal?

• Mrs. Huck

• the amount borrowed or deposited

• the money paid

• first part of the statement or action

What is the interest?

• the amount of money paid or earned

• your hobbies

• boredom

• one-sideness

How do you calculate simple interest? (2 answers)

• E = MC²

• i = PRT

• I = prt

• calculated using specified periods of time

What is commission?

• money earned

• percent of the amount a person cells

• command to a group of people

• not in working order

_________ is the amount by which the original price is reduced

____ is an amount of money paid in return of a service

What is the wholesale cost?

• the amount of increase on an item

• retail

• what the store pays for an item

• market

How to calculate the selling price?

• Wholesale - Markup

• Wholesale(Markup)

• Wholesale/Markup

• Wholesale + Markup

What is markup?

• the amount the customer pays

• decrease in price

• increase in price of an item

• result of correcting text

A state or local tax that is added to the price of an item or service is _______