Topic 3 - Analyze and Solve Percent Problems (Fast and Curious)

Front

What is Percent Error?

Back

A way to measure how close a measured or estimated value is to the actual or true value, expressed as a percentage.

Front

What is a Percent Equation?

Back

A way to represent and solve problems involving percentages.

Front

What is Percent Mark-up?

Back

The percentage increase in the price of an item from its original cost to its selling price.

Front

What is the Original Value?

Back

The starting amount or the initial value of something before any changes or calculations are made.

Front

What is Commission?

Back

A percentage of the total sales amount that a salesperson or agent earns for selling a product or service.

Front

What is Percent Change?

Back

The difference between the new value and the original value, expressed as a percentage of the original value.

Front

How do you calculate Percent Error?

Back

Percent Error = |(Measured Value - Actual Value)| / Actual Value x 100%.

Front

What is a Percent Proportion?

Back

A statement that two ratios are equal, often used to solve percent problems.

Front

What is the formula for Percent Equation?

Back

Part = Percent x Whole.

Front

What does Percent Mark-down mean?

Back

The percentage decrease in the price of an item from its original cost to its sale price.