Acute Angle - Has a measurement between 0 and 90 degrees.
Bar Graph - A chart that visually presents data as categories that vary in height.
Budget - A plan for saving or spending money.
Coins - Form of money usually made of metal and in a flat, rounded shape.
Cost – The amount a store pays to purchase an item for inventory.
Cost of Goods Sold: The cost of selling goods or items; calculated as the opening merchandise inventory plus purchases minus closing merchandise inventory
Currency - Coins, paper money, or anything used as a medium of exchange.
Customer – Someone who pays for goods and/or services.
Denomination - The face value of money.
Discount – The amount the retail price or selling price is reduced.
Estimate - To give an approximate calculation.
Expenses: The cost associated with sales, administration, and advertising
Gross Income: The income generated from sales; calculated by multiplying price by quantity; also referred to as gross sales
Inventory – A list of goods or materials in stock and available to be sold.
Mean - The average, calculated by adding values (data) and dividing by the number of values (sample).
Median - The middle value in a series of values placed in numerical order.
Merchandise – Items offered for sale in a store.
Mode - The most common value in a series of values.
Net Loss: The loss that results when expenses and costs are greater than income
Obtuse Angle - Has a measurement between 90 and 180 degrees.
Pie Chart - A graph that displays data in a circular format. Each section of the pie chart represents a portion or percentage of the total.
Profit: The net income that remains after deducting all expenses and costs of doing business
Profit and Loss Statement: A financial statement or record that helps to track a business; also called a P&L
Profit Margin: Net income or loss divided by gross income/sales; written as a percentage
Protractor - A tool used to measure angles.
Range - Difference between the largest and smallest numbers in a sample.
Retail Price – The price an item is sold for in a store (same as selling price).
Revenue – Income; income collected by the government through taxes.
Right Angle - Has an exact measurement of 90 degrees.
Round - To give a close approximation of a number, a form of estimating.
Sales Tax - A state government tax charged for certain goods and services.
Sample - A group of numbers.
Selling Price – The price an item is sold for in a store (same as retail price).
Table - Data that is displayed in a format using labeled columns and rows.
Tax – A required fee paid to the government to support the government.
