7th Grade Math: Topic 2 Vocabulary
questions and answers with solutions 2025/2026
markdown - ANSWER amount by which a retailer reduces the original
selling price of a product
markup - ANSWER the amount a store increases the price to make a
profit
proportion - ANSWER An equation stating that two ratios are equal
rate - ANSWER A ratio that compares two quantities measured in
different units
ratio - ANSWER A comparison of two quantities by division
sales tax - ANSWER An additional amount of money charged on items
that people buy.
tip - ANSWER Also known as a gratuity, it is a small amount of money in
return for a service.
selling price - ANSWER the amount the customer pays for an item
questions and answers with solutions 2025/2026
markdown - ANSWER amount by which a retailer reduces the original
selling price of a product
markup - ANSWER the amount a store increases the price to make a
profit
proportion - ANSWER An equation stating that two ratios are equal
rate - ANSWER A ratio that compares two quantities measured in
different units
ratio - ANSWER A comparison of two quantities by division
sales tax - ANSWER An additional amount of money charged on items
that people buy.
tip - ANSWER Also known as a gratuity, it is a small amount of money in
return for a service.
selling price - ANSWER the amount the customer pays for an item
