Calculate the net cost price for
A good priced at $5,000.00
Use a chain discount of 22/10%
Method 1: Equivalent Discount
Step 1: (100% - 22%) * (100% - 10%)
Step 2: 0.78 * 0.9 = 0.702
Step 3: 100% - 70.2% = 29.8%
Step 4: Discount = $5,000.00 * 0.298 = $1,490.00
Step 5: Net Cost Price = $5,000.00 - $1,490.00 = $3,510.00
Alternative Method Price
Price * Discount Percent 1 = ($5,000.00 * 0.22 = $1,100.00)
Price - Discount 1 = ($5,000.00 - $1,100.00 = $3,900.00)
Alternative Method Discounted price
Discounted price * Discount Percent 2 = ($3,900.00 * 0.1 = $390.00)
Discounted price - Discount 2 = ($3,900.00 - $390.00 = $3,510.00)
Net Cost Price
Net Cost Price = $5,000.00 - $1,490.00
Net Cost Price = $3,510.00
What is the Answer?
Net Cost Price = $3,510.00
How does the Chain Discounts and Net Cost Price and Net Cost Equivalent Calculator work?
Free Chain Discounts and Net Cost Price and Net Cost Equivalent Calculator - Given a chain discount and an original price, this calculates the total discount and net cost price.
This calculator has 2 inputs.
This calculator has 2 inputs.
What 1 formula is used for the Chain Discounts and Net Cost Price and Net Cost Equivalent Calculator?
(100% - Discount 1%) * (100% - Discount 2%)
What 5 concepts are covered in the Chain Discounts and Net Cost Price and Net Cost Equivalent Calculator?
- chain discount
- a series of trade discount percentages or their total
- discount
- the amount by which the market price of a bond is lower than its principal amount due at maturity
- net cost equivalent
- communicates how many pennies of cost the buyer must pay for every $1 of List Price
- net cost price
- the amount paid by the customer after all discounts and rebates are applied
- price
- the amount of money expected, required, or given in payment for something
