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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 |
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 making a sale. |
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commission rate |
The fee paid to a person who makes a sale expressed as a percent of the selling price. |
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salary |
The amount of money somebody is paid for working. |
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wholesale |
The selling of goods in large quantities to be retailed by others. |
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profit |
A financial gain, the difference between an amount spent and an amount earned in buying, or producing something. |
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discount |
A deduction from the usual cost of something, typically given for prompt or advance payment. |
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retail price |
An index of variation in the prices of retail goods and other items. |
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principal |
The initial amount of money 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. |
