Understanding Percentages

What is the term for the formula used to find the part, whole, or percent in a problem?

• Percent change

• Percent equation

• Percent error

• Interest rate

Which term describes the increase in price from the buyer's cost to the selling price?

• Markdown

• Percent error

• Markup

• Interest rate

What is the term for the decrease in price from the selling price to the sales price?

• Percent markup

• Markdown

• Percent change

• Interest rate

Which term refers to the percentage increase from the original cost to the new cost?

• Percent error

• Percent markup

• Percent equation

• Interest rate

What is the term for the percentage decrease from the original cost to the new cost?

• Percent markdown

• Markup

• Percent change

• Interest rate

Which term is used to describe the percentage that shows how much a value has increased or decreased?

• Percent error

• Percent change

• Markup

• Interest rate

What is the term for the percentage that measures the accuracy of a measured or estimated value compared to an actual or accepted value?

• Percent equation

• Percent error

• Percent change

• Interest rate

Which term describes the amount added to the original price to determine the selling price?

• Percent change

• Interest rate

• Markup

• Percent error

What is the term for the percentage charged on a loan or earned on an investment?

• Percent equation

• Interest rate

• Percent error

• Markdown

What is the term for the interest paid on only the amount borrowed or for the interest earned on only the amount deposited?

• Markdown

• Markup

• Simple Interest

• Interest rate