Percent Vocab 1

6. the difference between the wholesale price and the selling price
7. the final amount which includes the sales tax and the cost of all the items purchased (3 words)
8. one ratio or fraction that compares part of a quantity to the whole quantity
10. the t in the simple interest formula, I = p*r*t
12. the amount of money the bank pays to use your money, or the amount of money you pay the bank to borrow its money
13. added to the price of an item or service
14. a ratio that means "per 100"
15. a tip that is given for a service provided
16. the I in the simple interest formula, I = p*r*t

1. a percentage of sales paid to a salesperson
2. the amount of money you save or borrow from the bank. Also the p in the simple interest formula I = p*r*t
3. a ratio that compares the change in quantity to the original amount
4. the percent rate on money you save or borrow (3 words)
5. a reduction in price
8. part = percent x whole
9. the r in the simple interest formula, I = p*r*t
11. amount a store takes off of the original price of an item