Unit 4 Vocabulary
interest
added to the balance of the loan, credit card, or bank
paid to the lender
markup
amount added to the price of an item so the seller makes a profit
paid to the seller
markdown
subtracted from the price of an item
benefits the customer
commission
subtracted from the payment the store collects
paid to salesperson
sales tax
add to the price of the item
paid to the government
gratuity
added to the cost of the meal
paid to the server
percent increase
how much a quantity went up
percent decrease
how much a quantity went down