Lesson 21 Vocabulary

What is the term for the amount of change compared to the original amount, expressed as a percent?

• Percent increase

• Percent change

• Percent error

• Commission

What is the percent change called when a quantity decreases from its original amount?

• Percent increase

• Percent change

• Percent decrease

• Markdown

What is the difference between the correct value and the incorrect value compared to the correct value, expressed as a percent?

• Percent error

• Percent increase

• Commission

• Markdown

What is the percent change called when a quantity increases from its original amount?

• Percent decrease

• Percent error

• Percent increase

• Commission

What is a fee paid for services, often a percent of the total cost, called?

• Markdown

• Commission

• Percent change

• Percent error

What is the term for an amount subtracted from the cost of an item to determine the final price, often a percent of the cost?

• Commission

• Percent increase

• Markdown

• Percent error

What does the term "markup" refer to?

• A discount applied to an item

• An amount added to the cost of an item to determine the final price

• The original price of an item

• A tax applied to an item

What is often a percentage of the cost in pricing?

• Discount

• Tax

• Markup

• Original price

What does "original" mean in the context of pricing?

• After a change

• Before a change

• During a change

• Without change