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

Front

What is the price that manufacturers or distributors charge retailers or resellers for products purchased in large quantities?

Back

Wholesale

Front

What is the percentage decrease in the original price of an item when it's put on sale?

Back

Percent Mark-down

Front

What is the increase or decrease in a value expressed as a percentage of the original value?

Back

Percent Change

Front

What is the original amount of money borrowed or invested, upon which interest is calculated?

Back

Principal

Front

What is a way to calculate the interest earned or paid on a principal amount over a certain period of time at a fixed interest rate?

Back

Simple Interest

Front

What is the formula for calculating Simple Interest?

Back

Simple Interest = Principal × Rate × Time

Front

What is the term for the original price of an item before any discounts are applied?

Back

Original Price

Front

What do you call the price after a discount has been applied?

Back

Sale Price

Front

What is the term for the amount by which a price is reduced?

Back

Discount

Front

What is the formula to find the percent change?

Back

Percent Change = (New Value - Original Value) / Original Value × 100