6 Trade Discounts, Cash - Pearson Canada（6贸易折扣,现金u2014u2014加拿大皮尔森）.pdfVIP

C h a p T e r 6 Trade Discounts, Cash Discounts, Markup, and Markdown L e a r n i n g O b j e C T i v e s Upon completing this chapter, you will be able to do the following: ❶ Solve problems involving trade discounts. ❷ Calculate equivalent single rates of discount for a discount series. ❸ Apply methods of cash discount. ❹ Solve problems involving markup based on either cost or selling price. ❺ Solve problems involving markdown. ❻ Solve integrated problems involving discounts, markup, and markdown. When you mark up your products to include Expenses Profit » and Profits, what is the Selling Selling Expenses » pr ice? price Cost In a business, traditional accounting profit is calculated by subtracting costs and expenses from sales revenue for a specified period. Determining a suitable selling price for each product or service is crucial for long-term sustainability. Some firms use a cost plus methodology, marking up the cost of each product or service by a certain percentage that is large enough to cover expenses and still leave a respectable profit. Other organizations select their desired profit percentages first, and then work backwards to set their prices. Suppose you were operating