Vocabulary Words
October 31, 2011
1. Base (of a percent) – The whole quantity of which a percent is found. Example: In 20% of 85, the base is 85.
2. Commission – A percent of the total sales earned by a salesperson.
3. Interest – The amount charged for borrowing money, or the amount of money earned from savings or investments.
4. Percent – A ratio that compares a number to 100. Example: 28% is equivalent to the ratio 28:100.
5. Sales tax – A tax that is imposed on purchased goods. It is usually expressed as a percent of the selling price.
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