Vocabulary
A ____ is a number of parts per one hundred
What is Percent?
a = p percent of b
What is The Percent Equation Model Formula?
The ratio of 27 to 54
What is 1/2?
The amount added to the cost price of goods in order to cover for the overhead and profit.
What is Markup?
Selling Price = Cost + Markup
What is Markup Formula?
14 is 25% of what number?
What is 56?
The alternate form of expressing the term Markup, known as the ______ ____
What is Markup Rate?
Markup = Markup Rate * Cost
What is Markup Rate Formula?
What number is 30% of 70?
What is 21?
The difference between the marked price (list price) and the selling price of an article
What is Discount?
Sale Price = Original Price - Discount
What is Discount Formula?
The Selling Price is $60. The Cost is $24. What is the Markup Rate?
What is 150%?
The price of the total quantity/amount, usually less than its original value.
What is Discount Rate?
Unit Price = Total Price/Total Units
What is Unit Price Formula?
x - 2/5 = 4/3, Solve the proportion
What is 26/3?