BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
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Question
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11, 232
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Detailed explanation-1: -exaMpLe 6.1h Determine the amount of discount for a $100.00 list price subject to the discount series 40%, 12.5%, 8⅓%, and 2%. Rate of discount = Amount of discount/List price = 52.8375/100 = 0.528375 The single equivalent rate of discount is 52.84%.
Detailed explanation-2: -Formula: How Is Trade Discount Calculated? A trade discount, or a functional discount, is deducted from a seller’s original catalogue list price either as a specific monetary amount or a percentage reduction, in which case the trade discount amount is calculated by multiplying the list price by the discount percentage.
Detailed explanation-3: -Net Invoice Price = List Price-Discount Net Invoice Price = P1, 500-150. Net Invoice Price = P1, 350.
Detailed explanation-4: -List Price = Rs 220. Also, Discount = 10% of List Price or we can write = (10/100) × 220 = Rs 22. Thus we can write: S.P. = List Price – Discount = 220 – 22 = Rs 198.