Test #3 Formula Sheet

Ld
LD
L(1 d)
L(1 d1 )(1 d2 ) (1 dn )
D
=
100%
L
= [1 (1 d1 )(1 d2 ) (1 dn )] 100%

D
N
N
N

=
=
=
=

de
de

Amount Paid = Amount Credited (1 d)

Amount Paid
Amount Credited =
1d
Month
January
February
March

S
M
S
BE
ROMC
ROMS

Days
31
28 or 29
31

Month Days
April
30
May
31
June
30

=
=
=
=

C +M
E+P
C +E+P
C +E
M
100%
=
C
M
=
100%
S

D = Sd
Sred = S D
Sale Price = S(1 d)
D
Rate of Markdown =
100%
S

TR
TC
NI
NI

=
=
=
=

Sx
V Cx + F C
Sx (V Cx + F C)
TR TC

D
L
N
d
de

=
=
=
=
=

d =

discount amount ($)

list price ($)
net price ($)
discount rate (%)
single equivalent
discount rate

discount rate (%)

Month
Days
July
31
August
31
September
30

S
C
M
E
P
BE

D
S

Month
October
November
December

=
=
=
=
=
=

=
=
Sred =
d =

TR
S
TC
VC
FC
NI

Days
31
30
31

selling price ($)

cost ($)
markup amount ($)
expenses ($)
profit (or loss) ($)
break-even price ($)

markdown amount ($)

regular selling price ($)
reduced selling price ($)
markdown rate (%)

= total revenue
= selling price
= total cost
= variable cost
= fixed cost
= net income