Chapter 6 Key Terms

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Chapter 6 key terms for Intro to Business quantative methods
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Base Number that represents the whole 100%. It is the whole to which something is being compared. Usually follows word of.
Percent decrease Calculated by decrease in price over original amount.
Percent increase calculated by increase in price over original amount
percents Stands for hundredths. Example: 4% is 4 parts of one hundred or 4/100
Portion Amount or part that results from multiplying the base times the 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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