Example

List price = 4,500 Rs.

Discount = 20 %

Net cost price?

Net cost price = 4,500 – 20 % of 4,500

= 4,500 – 0.2 x4,500

=4,500 – 900

= 3,600 Rs.

Calculation using Excel along with formula is given in the following slide:   

 

 

 

 

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