Net Price: Definition & Formula

Instructions:

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

question 1 of 3

Select your customer likely to pay catalog price.

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

2. Select the formula for net price.

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About This Quiz & Worksheet

The quiz/worksheet combo lets you check your knowledge of net price. You need to know how to calculate it for the quiz, and you'll also need to understand catalog price.

Quiz & Worksheet Goals

In these assessments, you will be quizzed on:

  • Customer who would pay catalog price
  • Formula for net price
  • Synonym for catalog price

Skills Practiced

  • Information recall - access the knowledge you have gained about factors considered when setting the catalog price of products
  • Interpreting information - verify that you can read information about why a company would consider offering trade discounts and interpret it correctly
  • Reading comprehension - ensure that you draw the most important information from the lesson on net price

Additional Learning

You can review more if you access the lesson called Net Price: Definition & Formula. Some other topics you can look over include:

  • Purpose of volume discounts
  • The authority that sales personnel are sometimes given
  • What the total cost of a product typically includes
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