Vocabulary Unit #2

Unit rate: The ratio of two measurements in which the second term is 1

Ratio: a comparison of two numbers.

Proportional relationships: two ratios that are equivalent. This is

determined by cross-multiplying and comparing the products.

Simple interest: interest payable only on the principal.

Principal: a sum of money lent or invested on which interest is paid.

Tax: a some of money demanded by government for specific services

Discount/markdown: an amount or percentage subtracted from original

amount for various reasons (sale price).

Markup: an amount or percentage added to an original amount

Gratuity (tip): a gift of money above payment due for service

Commission: The amount of money that an individual receives based on

the level of sales he or she has obtained.

Fee: a payment in return for services.

Percent of error: the difference between a predicted value and the actual
value.

Coefficient: The number in front of the variable (5x 5 is the coefficient.)

7 Plus

Slope: The amount of inclination or declination in a line. In y=mx+b the

slope is represented by the variable m.

Y-intercept: The y-coordinate when a line passes the y-axis (also known
as the constant **b-term** in y=mx+b).