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List Price vs. Net Price

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Select the customer of your manufacturing company most likely to pay list price.

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1. Identify the factors your manufacturing company will most likely consider when setting the list price of your products.

2. Select the formula for net price.

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About This Quiz & Worksheet

List price and net price are key business terms. You will be tested on the formula for net price, trade discounts and factors that influence the list price of products.

Quiz & Worksheet Goals

During the quiz you will:

  • Point out what kinds of customers are most likely to pay list price
  • Identify the formula for net price
  • Tell which price a company will record sales at

Skills Practiced

  • Information recall - access the information you've gained about why a company would want to offer trade discounts
  • Knowledge application - use your knowledge to name some factors that a company should consider when setting the list price of products
  • Reading comprehension - ensure that you can pull the most important information from the lesson about why a company might want to offer trade discounts

Additional Learning

The lesson called List Price vs. Net Price will help you gain a better understanding of this topic. You will learn about:

  • Another term for list price
  • Additional sales discounts
  • Obsolete inventory discounts
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