BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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$50
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$550
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$450
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$55
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Detailed explanation-1: -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: -Step 2: Set up the equation P=(1−d)x P = ( 1 − d ) x to find the original price of the item where P is the sale price, d is the discount as a decimal, and x is the original price of the item.
Detailed explanation-3: -For example, you may want to calculate the sale price of a shirt that regularly costs Rs 1, 000. If the shirt is 20% off, you must convert 20% to a decimal (20/100 = 0.2). You have Rs 1, 000 * 0.2 = Rs 200. You then subtract the discount from the original price as Rs 1, 000 – Rs 200 = Rs 800.