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### 13 Cards in this Set

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 trade discount reduction off the original selling price(list price) not related to early payment trade discount amount=list price x trade discount rate cash discount result of an early payment based on the terms od sale trade discount rate persent off the list price that retailers can deduct net price price that retailer pays for an item net price= list price-trade discount amount single trade discount one trade discount complement difference between the discount rate and 100% Ex.1-.4=.6 chain discount trade discounts in a series of two or more discounts net price equivalent rate find the complement, multiply decimal. Do not round off. multiply list price times the net price equivalent rate single equivalent discount rate subtact net price equivalent rate from 1. multiply the list price times single equivalent discount rate = trade discount amount markup price which retailers sell items to cover operating expenses and make a profit perishable selling price perishable=total\$/#of units produced(spoilage) inventory turnover at retail net sales/average invnetory @ retail inventory turnover at cost cost of goods sold/average inventory @ cost