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Basic Math Ch 6 Key Words (js)

AB
percent increaseAn increase of a quantity expressed as a percent of its original value.
costThe price that a business pays for a product.
selling priceThe price for which a business sells a product to a customer.
markupThe difference between selling price and cost.
markup rateThe percent of a product's cost that is represented by the markup.
percent decreaseA decrease of a quantity expressed as a percent of its original value.
sale priceThe reduced price.
discountThe difference between the regular price and the sale price.
discount rateThe percent of a product's regular price that is represented by the discount.
interestMoney paid for the privilege of using someone else's money.
principalThe amount of money originally deposited or borrowed.
interest rateThe percent used to determine the amount of interest.
simple interestInterest computed on the original principal.
compound interestInterest computed not only on the original principal but also on interest already earned.



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