WEEK 8: MARGIN & TRADE DISCOUNT

Question 1

is the percentage that presents how much the earned profit of a business based on its revenue

Answer 1

MARGIN

Question 2

is the amount by which a manufacturer reduces the retail price of a product that it sells to a retailer

Answer 2

TRADE DISCOUNT (Td)

Question 3

2 types of trade discount

Answer 3

1. SINGLE TRADE DISCOUNT
2. DISCOUNT SERIES

Question 4

is commonly known as “one-off” discount that your business offer to customers or clients when their purchases meet a specific condition that would trigger the discount

Answer 4

SINGLE TRADE DISCOUNT

Question 5

refers to discount that is offered based on a number of different conditions

discounted more the once

Answer 5

DISCOUNT SERIES

Question 6

is the manufacturer’s recommended price which the retailer should sell the product

it is the SRP

Answer 6

LIST PRICE (LP)

Question 7

SRP STANDS FOR

Answer 7

SUGGESTED RETAIL PRICE

Question 8

is the amount of an item to be paid by the retailer to the manufacturer

Answer 8

NET PRICE (NP)