2.6 Symbols and Formulas

Symbols Used

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Formulas

Formula 2.1 Single Discount

[latex]N = L \times (1 - d)[/latex]

Formula 2.2 Discount Amount

a. [latex]D$ = L \times D[/latex]

b. [latex]D$ = L - N[/latex]

Formula 2.3 Multiple Discounts

[latex]N = L -\times (1 - d_1) \times (1 - d_2) \times ...\times(1 - d_n)[/latex]

Formula 2.4 Single Equivalent Discount

[latex]d_\text{equiv} = 1 - (1 - d_1) \times (1 - d_2) \times ...\times(1 - d_n)[/latex]

Formula 2.5 Selling Price of a Product

[latex]S = C + E + P[/latex]

Formula 2.6 Markup Amount

[latex]M$ = E + P[/latex]

Formula 2.7 Selling Price Using Markup

[latex]S = C + M$[/latex]

Formula 2.8 Markup on Cost Percentage

[latex]MoC \% = \frac { M$}{ C} \times 100[/latex]

Formula 2.9 Markup on Selling Price Percentage

[latex]MoS \% = \frac { M$}{ S} \times 100[/latex]

Formula 2.10 Sale Price of a Product

[latex]S_\text{onsale} = S \times (1 - d)[/latex]

Formula 2.11a Markdown Amount

[latex]D$ = S \times d[/latex]

Formula 2.11b Markdown Amount

[latex]D$ = S - S_\text{onsale}[/latex]

Formula 2.12 Markdown Percentage

[latex]d = \frac { D$}{ S} \times 100[/latex]