7th Grade – Percent Flipbook Words

7th Grade students, please find below the words and definitions for your Percents Flip Book.

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: the percent of a purchase that is added to the purchase and paid to the government

gratuity: a percent added onto the cost of a service, for example a tip given to a wiater.

commission:  a percent of a sales amount awarded to the person making the sales.