Key Terms for Chapter 6

Description

Chapter 6 Key Terms of "Practical Business Math Procedures" by Jeffrey Slater
Laura Samuelson
Flashcards by Laura Samuelson, updated 3 months ago
Laura Samuelson
Created by Laura Samuelson 3 months ago
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Question Answer
Base Number that represents the whole 100%. It's the whole to which something is being compared. Usually follows the word "of"
Percent Decrease Calculated by decrease in price over original amount
Percent Increase Calculated by increase in price over original amount
Percent Stands for hundredths. Example: 4% is 4 parts of one hundred 4/100
Portion Amount or part that results from multiplying the base times rate. Not expressed as a percent; it is expressed as a number
Rate Percent that is multiplied times the base that indicates what part of the base we are trying to compare to. Rate is not a whole number
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