ECONOMICS
INCENTIVES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Sale Price
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Discount
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Rebate
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Coupon
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Detailed explanation-1: -The rate is generally given as a percent. To calculate the discount, just multiply the rate by the original price. To compute the sale price, deduct the discount from the original price.
Detailed explanation-2: -The discount equals the difference between the price paid for and it’s par value. Discount is a kind of reduction or deduction in the cost price of a product.
Detailed explanation-3: -Selling price S-This is the final price of the concerned product after the discount.
Detailed explanation-4: -The net price is sometimes confused with the term “net cost.” Net cost is the amount paid by the customer after all discounts and rebates are applied.
Detailed explanation-5: -Find the original price (for example $90 ) Get the the discount percentage (for example 20% ) Calculate the savings: 20% of $90 = $18. Subtract the savings from the original price to get the sale price: $90-$18 = $72. You’re all set! 29-Dec-2022