Unit 4 Vocabulary Flashcards


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created 2 weeks ago by farwella
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Open Up Resources Unit 4
updated 2 weeks ago by farwella
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math
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1

interest

added to the balance of the loan, credit card, or bank

paid to the lender

2

markup

amount added to the price of an item so the seller makes a profit

paid to the seller

3

markdown

subtracted from the price of an item

benefits the customer

4

commission

subtracted from the payment the store collects

paid to salesperson

5

sales tax

add to the price of the item

paid to the government

6

gratuity

added to the cost of the meal

paid to the server

7

percent increase

how much a quantity went up

8

percent decrease

how much a quantity went down