BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Net price is what a customer pays. To calculate the net price, start with the list price and add any taxes and other government-mandated charges. Then subtract any discounts, rebates or negotiated prices. The result is the net price.

Detailed explanation-2: -While the list price is the maximum price at which a product can be sold, the net price is the price at which the customer buys it.

Detailed explanation-3: -A net price is an estimate of the actual cost you and your family need to pay in a year to cover education expenses for you to attend a particular college or career school. It is the institution’s cost of attendance minus any grants and scholarships for which you may be eligible.

Detailed explanation-4: -The net price formula is the list price minus trade discounts. Trade discounts are discounts offered by wholesalers or manufacturers to retailers usually as long as they purchase a large volume of products. As sales volume increases, item costs will generally fall.

Detailed explanation-5: -Net price is the cost that customers are willing to pay for a product or service. It not only includes the product’s list price but the taxes and discounts applied to a product. For example, a product with a $100 list price in a state with 7% sales taxes adds $7 to that price, as 7% of $100 is $7.