Business Mathematics | Trade and Cash Discount

What is the price at which the manufacturer sell the goods to the customer (retailer)?

• Net Price

• List Price

Tags

CCSS.7.RP.A.2

_____ is the price at which the customer (retailer) pays to the manufacturer.

• Net Price

• List Price

Tags

CCSS.7.RP.A.2

CCSS.7.RP.A.3

List Price is bigger than Net Price

• Yes

• No

Tags

CCSS.7.EE.B.3

CCSS.7.EE.B.4

CCSS.7.NS.A.3

List price is also known as ________

(hint: 3 correct answers)

• Net Price

• Catalogue Price

• Listed Price

• Advertised Price

Tags

CCSS.7.RP.A.2

CCSS.7.RP.A.3

The abbreviation of List Price is _____

The abbreviation of Net Price is ______

What is the trade discount (TD)?

(hint: 4 correct answers)

• The discount offered by the manufacturer to the customer (retailer/wholesaler)

• The amount that have to be calculated on the list price (L)

• It is the difference between list price (L) and net price (NP)

• Is the amount in Ringgit

• Reductions on the amount due to customers who pay their bills within a given period of time to encourage customer payment of bills

Tags

CCSS.7.EE.B.3

CCSS.7.RP.A.2

CCSS.7.RP.A.3

When only one discount rate is offered, it is ....

(hint: type full sentence)

Tags

CCSS.7.RP.A.2

CCSS.7.RP.A.3

When more than one discounts are offered, it is ____

(hint: type full sentence)

Tags

CCSS.7.RP.A.2

CCSS.7.RP.A.3

Cash Discount (CD) is _____

(hint: 4 correct answers)

• Reduction on the amount of bills to encourage prompt payment of bills

• Amount in Ringgit

• Offered when the customers make a payment within the stipulated period of time

• Offered in cash discount term such as, 3/10, 2/20, n/30

• Amount in percentage

Tags

CCSS.7.EE.B.3

CCSS.7.RP.A.2

CCSS.7.RP.A.3