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10 Cards in this Set
- Front
- Back
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Invoice
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A bill for goods.
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Trade Discount
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Deduction from the catalog price (or list price) of an item usually given to retailers to enable them to sell merchandise at a greater profit.
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Terms
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Stated time limit within which the buyer must pay for merchandise.
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Cash Discount
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A reduction in price, often of several percent, offered to a buyer to encourage early payment on an account.
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Markup
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Amount added by a retailer to the cost price of goods that allows it to cover expenses and make a fair profit.
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Markdown
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A reduction in the selling price of a product.
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Measurement
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The act of determining the dimensions, quality, or degree of something.
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Perimeter
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The distance around an object.
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Circumference
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The perimeter of a circle.
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Area
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The number of square units of space on the surface of a figure enclosed by the perimeter.
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