1
Business Mathematics
MAT 112
Mathematical Applications
in Banking and Finance
,3.1 TRADE AND CASH
DISCOUNTS
, CONTENTS
We are here
3.3
3.1
Installment Purchases
Trade & Cash Discounts
3.2
Markup & Markdown
, LEARNING OUTCOMES
CHAPTER 3: MATHEMATICAL
APPLICATIONS IN TRADING &
RETAILING
By the end of this topic (3.1 Trade &
Cash Discount), you should be able to:
1. Explain Trade Discount terms
2. Calculate Trade Discount and the net
price of goods purchased
3. Explain Chain Discount
4. Find a single discount which is
equivalent to a chain discount
5. Explain Cash Discount terms
6. Solve problems involving trade & cash
discounts
Business Mathematics
MAT 112
Mathematical Applications
in Banking and Finance
,3.1 TRADE AND CASH
DISCOUNTS
, CONTENTS
We are here
3.3
3.1
Installment Purchases
Trade & Cash Discounts
3.2
Markup & Markdown
, LEARNING OUTCOMES
CHAPTER 3: MATHEMATICAL
APPLICATIONS IN TRADING &
RETAILING
By the end of this topic (3.1 Trade &
Cash Discount), you should be able to:
1. Explain Trade Discount terms
2. Calculate Trade Discount and the net
price of goods purchased
3. Explain Chain Discount
4. Find a single discount which is
equivalent to a chain discount
5. Explain Cash Discount terms
6. Solve problems involving trade & cash
discounts