Percents Vocabulary

What does "percent" mean?

• A number greater than 100

• A fraction with a denominator of 10

• A ratio that compares a number to 100

• The total amount in a group

What is the meaning of "discount"?

• The total price of an item

• A reduction in price, usually given as a percentage

• The extra amount paid after a purchase

• The amount of tax added to a price

Which of the following best defines "markup"?

• A percentage increase in price

• A percentage decrease in price

• A type of fraction

• The amount saved on an item

What does "convert" mean in math?

• To change a number from one form to another

• To subtract a percentage from a number

• To multiply by 100

• To add tax to a total

Which of the following is an example of "equivalent values"?

• 0.5, 50%, ½

• 25, 0.2, 5%

• 1/3, 30%, 0.5

• 75%, 1.5, ¾

What is "sales tax"?

• The discount on an item

• A percentage of the price added to a purchase

• A tip given for service

• The original price of an item

What is a "proportion"?

• A fraction that represents a whole number

• An equation that shows two equal ratios

• A percentage that is greater than 100

• The amount of tax on an item

What does "simple interest" mean?

• Interest earned or paid only on the original amount

• Interest that changes based on the month

• Interest earned on both the original amount and previous interest

• The total cost of an item including tax

Which term describes an amount of money earned based on a percentage of sales?

• Discount

• Tip

• Commission

• Interest

If something is "equivalent," what does that mean?

• It has the same value as another number

• It is greater than 100

• It must be written as a fraction

• It is always written as a percent