PROJECT

IN
MATHEMATICS
6
Ibalon Central School

(Definition of Terms Related to

Percentage, Base, and Rate)
Submitted by:
Leamor C. Ago

Submitted to:
Mr. Joel Marjalino
1. Original Price
 - is the regular price charged of the item.
2. Total Sales
- the marked price plus the tax
3. Selling Price
- is the amount of the item after the mark has been added to the cost.
4. Principal Amount
- is the amount of money deposited, invested, or borrowed.
5. Discount
- is a decrease in the price of an item. It refers to the amount to be
deducted from the original price.
6. Profit
- the amount gained from doing business by subtracting all expenses
and capital from gross earnings or sales.
7. Commission
- the part of the total sales that goes to the salesperson
8. Sales Tax
- when someone buys goods or items in a supermarket, restaurant or
fast food, the purchases are subject to the sales tax. This form of sales
tax is commonly known as VAT (Value Added Tax)
9. Interest
- an amount of money earned for using another’s money over a period
of time.
10. Rate of Discount
- is the percent taken off from the original price
11. Rate of commission
- is the percent taken off from the selling price
12. Rate of sales tax
- each state with a sales tax has a statewide sales tax rate. States use
sales tax to pay for budget items like roads and public safety. The
state sales tax rate is the rate that is charged on tangible personal
property (and sometimes services) across the state. These usually
range from 4-7%.

13. Rate of Interest

- is the percent added to the principal amount borrowed or invested.
14. Sale Price
- is also known as the net price or discounted price. It is the price of the
item after the discount has been deducted.
15. Markup Price
- is the increase in the price of an item
16. Basic salary
- is the amount paid to an employee before any extras are added or
taken off, such as reductions because of salary sacrifice schemes or an
increase due to overtime or a bonus.
17. Total income
 - the sum of all money received by an individual or organization,
including income from employment or providing services, revenue
from sales, payments from pension plans, income from dividends, or
other sources.
18. Total cost
- refers to the total expense incurred in reaching a particular level of
output; if such total cost is divided by the quantity produced, average
or unit cost is obtained
19. Simple interest
- when someone deposits his money in a savings bank, the bank will
pay him a small amount for the use of his money.
20. Time
- is the length of time the money has been deposited or borrowed.
Time is always computed in terms of years.
21. Rate of profit
- the profit rate is the relative profitability of an investment project, of
a capitalist enterprise, or of the capitalist economy as a whole. It is
similar to the concept of the rate of return on investment.