CH 7- Trade Discounts

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Net price formula

List price (100% - Trade discount rate)

steps to calculate net price by using the net price factor

1. calculate net price factor, the complement of the trade discount rate 2. calculate net price

net price factor formula

100% - Trade discount rate

net price

The amount a business actually pays for the merchandise after the discount has been deducted

net price factor

The percent of the list price a business pays for merchandise. It is the multiplier used to calculate the net price.

Trade discount rate formula

Trade discount / List price

trade discount formula

Trade discount = List price x Trade discount rate

trade discount

reductions from manufacturer's list price given to businesses that are in the trade for performance of marketing functions

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