Topic 3 - Percents Flashcards
Terminology associated with the percent equations and percent proportion.
Part
What is being compared to the whole.
Whole
The total amount or original amount you are comparing the part to.
Percent
A comparison to 100.
Amount Change
The difference between two values.
Percent Change
The percent relating the amount of change to the original.
Percent Error
The percent relating the amount of change to the actual amount.
Markup
The amount the original value increases by.
Markdown
The amount the original value decreases by.
Tax/Tip
The markup/amount that gets added to the original.
Sale Price
The new price after the discount is taken away from the original.
Discount
The markdown/amount that gets taken away from the original.
Original Price
The starting amount or whole.
Principal
The initial amount of money.
Rate
The interest rate (%).
Time
The time in years you are calculating the interest for.
