BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is the formula of getting the net amount?
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Cash discount-Invoice
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Cash discount / invoice
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Invoice-cash discount
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Invoice x cash discount
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None
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Explanation:
Detailed explanation-1: -The formula reads: Cash Discount = Purchase Price x Discount Rate.
Detailed explanation-2: -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.
Detailed explanation-3: -The discount and markup can be calculated using the following formula: Discount = Original price – Sale price. Discount = Discount %
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