$60
Explication
A 25% discount on $80 is $20, so the final price is $80 - $20 = $60. The other options are either the discount amount or incorrect totals.
A reduction taken off the marked or original price
Explication
A discount is a reduction from the marked or original price when an item is on sale. The other choices describe mark-up, VAT, or the original price instead.
A tax added to goods on sales and shown separately
Explication
VAT charged is the tax added to goods on sales and is recorded separately from the product price. The other options describe a discount, profit, or a pre-tax price.
Use the VAT amount and the displayed price data to work out the tax applied
Explication
VAT problems require you to use the VAT amount shown and the displayed price information to determine the tax applied. The other choices either misuse VAT as a discount or ignore the separate VAT value.
Mémorisez les réponses avec 4 flashcards sur Financial Math Essentials.
Pricing — definition?
Setting the selling price of goods.
Discount — role?
Reduces the original price during sales.
VAT — calculation method?
VAT = (VAT amount / product price) × 100.
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