Explain how to find net price using the net decimal equivalent of a trade discount series(show formula).

1. Explain how to find net price using the net decimal equivalent of a trade discount series(show formula).
2. Explain the difference in how to apply EOM terms and ROG terms.
3. Explain how to find the amount credited and the outstanding balance from partial payments (show formula).
4. Explain how to find the cost, markup, or selling price when any two of the three are known. Identify the formula.
5. What is the difference between Markup’s and Markdown’s?
6. What is a formula? Provide an example of how a formula may be entered into an excel worksheet.

 

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