7th Grade - Chapter 3 Vocabulary

A ratio that compares the inaccuracy of an estimate to the actual amount.

The amount paid or earned for the use of money. I = prt is the formula used.

A ratio that compares the change in a quantity to the original amount.

The amount the price of an item is increased above the price the store paid for the item.

The amount the customer pays for an item.

1 ratio that compares the part to whole quantities & the other ratio is the equivalent percent.

A negative percent of change.

Also known as gratuity, it is a small amount of money in return for a service.

An additional of money charged on items that people buy.

An equation that describes the relationship between the part, whole, and percent.

An amount by which the regular price of an item is reduced.

The amount of money deposited or borrowed.

A positive percent of change.

The amount by which the regular price of an item is reduced.

Also known as a tip. It is a small amount of money in return for a service.