Ch. 6 - Percent Flashcards
Percent (%)
Part per one hundred
Rate
Percent (%)
Percentage
Result obtained by multiplying a number by a percent (is)
Base
The amount you are taking a part or percent of (of)
List Price
Regular price of an item
Sale Price
Reduced price of an item
Discount
A reduction made from the regular price
Discount Rate
Percent that the price is reduced
Sales Tax
Money paid as tax when you buy an item
Tax Rate
The percent charged as tax
Principal
Amount borrowed or invested
Rate of Interest
Percent paid or charged for the use of money
Previous Balance
Amount owed before a payment is made
Finance Rate
Percent charged for borrowing money
Finance Charge
Cost for borrowing moneyc
Commission
Percentage of total sales
Rate of Commission
The percent used to compute commissions
Tip
An amount of money paid for service
Tip Rate
Percent left as a tip