Module 1/2

3. An additional amount of money charged on items that people buy.
4. A payment equal to a percent of the amount of goods or services that an employee sells for the company.
6. The relationship between two ratios with a rate or ratio that is not
8. The amount the customer pays for an item.
11. A rate in which the first quantity is compared to 1 unit of the second quantity.
12. The positive difference between the estimate and the actual amount
13. The relationship between two ratios with a constant rate or ratio.
15. The amount paid or earned for the use of the principal.
19. A ratio that compares the inaccuracy of an estimate (amount of error) to the actual amount.

1. The amount paid or earned for the use of money. The formula for simple interest is I = prt.
2. The amount by which the regular price of an item is reduced.
5. The amount of money deposited or borrowed.
7. The amount the store pays for an item.
9. An amount by which the regular price of an item is reduced.
10. An equation stating that two ratios or rates are equivalent.
13. A ratio that compares the change in quantity to the original amount.
14. The amount the price of an item is increased above the price the store paid for the item.
16. Also known as a gratuity, it is a small amount of money in return for a service.
17. Also known as a tip. It is a small amount of money in return for a service.
18. A payment for a service. It can be a fixed amount, a percent of the charge, or both.