Percent Vocabulary

Front

What is the formula to find the part when given the whole and the percent?

Back

x/whole = % number/100

Front

What does the term 'fee' refer to?

Back

Fees are any additional charges.

Front

What is the term for an amount added to the cost price of goods to ensure profit?

Back

Mark-Up

Front

What is the formula to find the percent when given the part and the whole?

Back

part/whole = x/100

Front

What is a commission?

Back

Money earned by the sales person.

Front

What is the formula to find the whole when given the part and the percent?

Back

whole = part/(% number/100)

Front

What is a discount?

Back

A reduction in the price of a product or service.

Front

What is the difference between a fee and a commission?

Back

A fee is an additional charge, while a commission is a payment to a salesperson based on sales.

Front

What does 'percent' mean?

Back

A percent is a ratio expressed as a fraction of 100.

Front

How do you calculate the percent increase?

Back

Percent Increase = (New Value - Old Value) / Old Value x 100.