2023 Vocab MP1 Quiz

What is a ratio?

• A comparison of two things; written as y over x

• A ratio where the second part of the comparison is 1 unit

• When two quantities have a constant rate

• Another word for unit rate

What is a unit rate?

• A comparison of two things; written as y over x

• A ratio where the second part of the comparison is 1 unit

• When two quantities have a constant rate

• Another word for unit rate

What is a proportional relationship?

• A comparison of two things; written as y over x

• A ratio where the second part of the comparison is 1 unit

• When two quantities have a constant rate

• Another word for unit rate

What is the constant of proportionality?

• A comparison of two things; written as y over x

• A ratio where the second part of the comparison is 1 unit

• When two quantities have a constant rate

• Another word for unit rate

What is percent change?

• Amount of increase in a price

• Cost of an item after company adds the markup

• Amount of decrease in a price (discount)

• Amount of change expressed as a percent of the original amount

What is markup?

• Amount of increase in a price

• Cost of an item after company adds the markup

• Amount of decrease in a price (discount)

• Amount of change expressed as a percent of the original amount

What is retail price?

• Amount of increase in a price

• Cost of an item after company adds the markup

• Amount of decrease in a price (discount)

• Amount of change expressed as a percent of the original amount

What is markdown?

• Amount of increase in a price

• Cost of an item after company adds the markup

• Amount of decrease in a price (discount)

• Amount of change expressed as a percent of the original amount

What is gratuity?

• Percent that is given or paid in addition to the price of a service

• Percent that is added to the price of goods or services

• A fee a person earns for sales and services

• A fixed percent of the principal

What is sales tax?

• Percent that is given or paid in addition to the price of a service

• Percent that is added to the price of goods or services

• A fee a person earns for sales and services

• A fixed percent of the principal