Unit 4 FACTS - Rate of Markup on Cost = Markup/Cost Rate of...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Unit 4 Facts Discount = discount rate x List Price Net Price = List Price – Discount Net Price = List Price(1 – discount rate) Net Price = List Price(1 - d 1 ) (1 - d 2 )…. .(1 – d n ) discount rate = Discount / List Price discount rate = 1 – [(1 - d 1 ) (1 - d 2 )…. .(1 – d n )] Amount Paid = Amount Credited x (1 – d) Amount Credited = Amount Paid (1 – d) Markup = Expenses + Profit Selling Price = Cost + Markup Selling Price = Cost + Expenses + Profit
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Rate of Markup on Cost = Markup/Cost Rate of Markup on Selling Price = Markup/Selling Price Markdown = markdown rate x Selling Price Sale Price = Selling Price Markdown Sale Price = Selling Price(1 d) markdown rate = Markdown/Regular Selling Price Operating Profit/Loss = Selling Price Total Cost Total Cost = Cost + Expenses Absolute Profit/Loss = Selling Price Cost...
View Full Document

This note was uploaded on 10/04/2011 for the course MATH 1175 taught by Professor Jenny during the Spring '10 term at Fanshawe.

Ask a homework question - tutors are online