BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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$2, 760.00
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$440.00
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$3, 900.00
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$3, 250.00
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Detailed explanation-1: -The complement of your trade-discount rate is 100 percent minus the discount rate. This is sometimes called the net-price rate. You can multiply the list price by the complement to find the net price.
Detailed explanation-2: -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.
Detailed explanation-3: -The discount is list price minus the sale price then divided by the list price and multiplied by 100 to get a percentage.
Detailed explanation-4: -The net price of a product or service is the actual price that customers pay for the product or service. It is the final number after trade discounts are subtracted from the list price.