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Chapter 2 vocabulary

AB
percent of decreasea negative percent of change
gratuityalso known as a tip. It is a small amount of money in return for a service.
markdownAn amount by which the regular price of an item is reduced.
percent equationAn equation that describes the relationship between the part, whole, and percent
selling pricethe amount the customer pays for an item
tipAlso known as a gratuity, it is a small amount of money in return for a service
simple interestThe amount paid or earned for the use of money
sales taxan additional amount of money charged on items that people buy
principalthe amount of money deposited or borrowed.
percent proportionone ratio or fraction that compares part of a quantity to the whole quantity.
percent of increasea positive percent of change
percent errora ratio that compares the inaccuracy of an estimate (amount of error) to the actual amount
percent of changea ratio that compares the change in a quantity to the original amount


Mathematics Educator
Page Middle School
Madison Heights, MI

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