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Ratio of the gross margin to its selling price.
GROSS MARGIN RATE
If the cost of a certain product is $1,000, and it is sold at $1,250. What is the gross margin rate?
20%
Amlong spent $2.4 million to construct the house. if he wants to have a gross margin rate of 25%, at how much should he sell the house?
$3,200,000
A supplier gives a certain discount series to retailers who by goods worth ₱60,000 or more. Suppose a retailer orders ₱50,000 worth of goods. If the discount series offered 15I10, how much will the retailer pay?
50,000
A supplier gives a certain discount to retailers who by goods worth ₱50,000 or more. Suppose a retailer orders ₱65,000 worth of goods. If the discount offered was 30%, how much will the retailer pay?
45,000
If the sale price of a table is ₱1,275, from its original price that is ₱2,550. what is the markdown rate of the table?
50%
The price of a table is marked down by 15%. If its sale price is ₱1,275, what is the original selling price?
1,500
The cost of buying a computer is ₱56,000 after a 20% trade discount is applied. What is the SRP of the computer?
70,000
. A bookstore decides to sell a book at a price that is 15% higher than its original cost of ₱225. How much is the selling price?
258.75
A bookstore decides to sell a book at a price that is 15% higher than its original cost of ₱225. How much is the markup?
33.75
Sum of markup and cost.
SELLING PRICE
Difference between selling price and markdown.
SALE PRICE
Ratio of the markdown to the selling price of an item
MARKDOWN RATE
An amount added to the cost of the item
MARKUP
The cost of buying a computer is $48,000 after a 20% trade discount is applied. What is the SRP of the computer?
60,000
The price of a table is marked down by 30%. If its sale price is ₱1,500, what is the original selling price?
2,142.86
Obtained after deducting discounts.
NET PRICE OR DISCOUNTED PRICE
It is the price at which the manufacturer recommends that the retailer sells the product.
SUGGESTED RETAIL PRICE
This happens when multiple discounts are applied successfully on the same time.
DISCOUNT SERIES
It is usually referred to as the net income or net earnings.
PROFIT
It is a one-time discount that is given to retailers when they buy a product.
SINGLE TRADE DISCOUNT
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