Discounts

1. 1. It is a price reduction given to buyers to entice them to buy in

   large quantities.

• net price or invoice price

• overdue charges

• rate of discount

• discount

• total trade discount

2. 2. It is the multiple discounts given to attract buyers.

• net price or invoice price

• overdue charges

• rate of discount

• series of discount

• total trade discount

3. It is the difference between the list price and the last net price in a series of discounts.

• net price or invoice price

• overdue charges

• rate of discount

• series of discount

• total trade discount

4. 4. It occurs when a buyer cannot pay within the terms of payment.

• net price or invoice price

• overdue charges

• rate of discount

• series of discount

• total trade discount

5. 5. It is the amount paid after the discount/s have been applied subtracted from the list price.

• net price or invoice price

• overdue charges

• rate of discount

• series of discount

• total trade discount

A single-sized sofa bed has a list price of ₱6,000. How much will you pay (in pesos) if the rate of trade discount is 13%?

Answer explanation

5220

A used piano was sold at ₱17,100 inclusive of an 18% discount. How much was the original selling price (in pesos) of the piano? Compute to the nearest hundredths.

Answer explanation

20,853.66

A rice cooker listed at ₱1,530, but the buyer paid ₱1,071.00. What is the rate of discount (%)?

Answer explanation

30%