Remembering Math Definitions

• Discount (D) is a decrease in the price of an item. It refers to the amount to be deducted from the original price.
• Original Price (OP) is the regular price charged of the item.
• Discount Rate (DR) is the percent taken off from the original price.
• Sale Price (SP) is the net price or discounted price. It is the price of the item after the discount has been deducted.
• Markup (M) is the increase in the price of an item.
• Markup Rate (MR) is the percent to be added to the cost of item.
• Cost (C) is the original amount of the item.
• Commission (C )is an amount of money a person receives for selling something.
• Total Sales (TS) is the total amount of sales made by the salesperson.
• Commission Rate (CR) is the percent taken off from the selling price.
• Sale Proceeds (SP) is the amount that remains after the deduction of the commission.
• Percentage (P) - It is the number or the amount that represents a part of a whole
• Rate (R) - It is the number compared to 100. It usually has either a percent sign (%) or the word "percent" with it.
• Base (B) - It is the number that represents the whole or the entire amount.
• Ratio is the spoken language of arithmetic. It is a way of comparing two or more quantities having the same units
• Proportion is a statement of quality between two ratios