Trade Discount
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What is a trade discount?
Amount of discount that wholeseller recieves off list price; difference between list price and net price
Complentary percentages
Percentages that added up to 100%
Suggest retail price
Price manufacturer suggests on items
Single Equivalent Factor formula?
SED= 1 - NPF
What are the two methods of TD (multiple)
Step-by-step and Complement
What is formula for Trade Discount?
TD = LP x R (trade discount rate)
Grand Total amount
The is 100% of all the complementary percentages.
Net Price Factor
The percent of the list price a business pays for merchandise. It is the multiplier used to calculate the net price.
Net Price
The price after the trade discount has been deducted from the list price, and after taxes are added and other costs.