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13 Cards in this Set
- Front
- Back
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sales tax |
A percent of the cost of an item, which is charged by governments to raise money |
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percent of increase
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A percent change describing an increase in a quantity |
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percent of decrease |
A percent change describing a decrease in a quantity |
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commission |
A fee paid to a person for making a sale |
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commission rate |
A fee paid to a person who makes a sale expressed as a percent of the selling price |
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salary |
a fixed regular payment, typically paid on a monthly or biweekly basis but often expressed as an annual sum, made by an employer to an employee.
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wholesale |
sell (goods) in large quantities at low prices to be retailed by others.
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profit |
obtain a financial advantage or benefit, especially from an investment.
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discount |
(of a store or business) offering goods for sale at discounted prices.
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retail price |
The price of a good or product when it is sold to the end user for consumption, not for resale through a third-party distribution channel.
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principal |
The initial amount of money that was borrowed or saved |
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interest |
money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt.
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markup |
the amount added to the cost price of goods to cover overhead and profit. |
