Unit 5 Vocabulary Test - iReady 7th Grade

An amount paid to an employee based on a percentage of the employee's sales

• commission

• mark up

• mark down

• gratuity

amount added on to the cost of a service, a percent of the total cost

• profit

• loss

• percent

• gratiuity

the amount subtracted from the original price to determine the final cost

• mark down

• mark up

• gratuity

• commision

the amount added to the original price to determine the final cost

• cost

• mark up

• mark down

• gratuity

Interest earned only on the original principal amount invested

• mark down

• mark up

• simple interest

• gratuity

the percent of an amount that is paid to the government

• gratuity

• tax

• profit

• percent

The amount by which the regular price of an item is reduced, usually a percent of the original price

• tax

• discount

• profit

• gratuity

the amount of change compared to the original amount expressed as a percent

• percent of change

• fraction

• decimal

• tax

percent of change where the new number is less than the original number

• percent decrease

• percent error

• percent

• decimal

the difference between the correct value and the incorrect value compared to the correct value expressed as a percent

• tax

• decimal

• percent error

• profit