markup – a percent added to the cost of an item to determine the selling price.

simple interest – a percent of an amount borrowed that is paid to the lender in addition to the amount borrowed.

tax – a percent of a purchase that is added to the purchase and paid to a government.

gratuity – a percent added on to the cost of a service.

commission – a percent of a sales amount awarded to the person making the sale. (taken out of the sale price and given to the sales person.)

discount – an amount subtracted from a regular price.

U2 Lesson 12 Vocabulary

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