Percent Vocabulary

Front

What do you get when you multiply the original cost times the discount rate?

Back

Discount Amount

Front

A percent a salesperson earns on what they sell.

Back

Commission

Front

Every percent can be written as:

Back

a fraction or a decimal

Front

Jamie got an extra $45 in his paycheck from his sales this week. What is this amount called?

Back

Commission

Front

The amount owed or earned for the use of money is called:

Back

Simple Interest

Front

What is the formula to calculate the discount amount?

Back

Discount Amount = Original Price × Discount Rate

Front

What is the relationship between percent, fraction, and decimal?

Back

A percent can be converted to a fraction by dividing by 100, and to a decimal by moving the decimal point two places to the left.

Front

If an item costs $200 and has a 20% discount, what is the discount amount?

Back

$40

Front

What is the term for the original price before any discounts?

Back

Original Price

Front

What do you call the percentage added to the original price to determine the selling price?

Back

Markup