Tax
What term refers to the percentage of the purchase price that is added to the cost of goods and services, usually collected by the government?
What is Sales Tax
What is the term for the percentage of the bill that is added to the total as a reward for good service in a restaurant?
What is Gratuity or Tip
What term describes the reduction in price of an item, often expressed as a percentage of the original price?
What is discount
What is the word for the amount of money charged by a bank to a borrower for the use of money, usually expressed as a percentage?
What is interest
What term is used to describe the initial amount of money invested or borrowed, before interest or taxes are applied?
What is principal