Chapter 6 Key Terms

Description

Chapter 6 of Practical Business Math Procedures covers percents and portions. It defines terms related to percentages and rates.
Laney Feek
Flashcards by Laney Feek, updated 4 months ago
Laney Feek
Created by Laney Feek 4 months ago
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Resource summary

Question Answer
Base Number that represents the whole 100%. It is the whole to which something is being compared. Usually follows word of.
Percent Increase Calculated by increase in price over original amount.
Portion Amount or part that results from multiplying the base times the rate. Not expressed as a percent; it is expressed as a number.
Percent Decrease Calculated by decrease in price over original amount.
Percents Stands for hundredths Example: 4% is 4 parts of one hundred 4/100
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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