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what is meant by net price? does it include excise duty? If included, how is it claculated

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16y ago

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Price paid after the discount is subtracted?

net-price or sales price net price


Does net sales include sales tax?

No, net sales do not include tax. It is the total amount of company sales after the deduction of returns, damaged goods and any discounts.


Gross sales price vs net sales price?

Gross sales is the total value of sales before any deductions. Net sales is what is left of the gross sales after deductions and expenses, including discounts, returns and allowances.


What is Net Selling Price?

The gross sales priceis the price that the customer pays, including sales tax. Thenet sales priceis the price without sales tax.


What was the stock price for the company Reliance on June 5 2013?

On June 5, 2013 Reliance had a gross purchase of $ 2,341.20 and a gross sales of $ 2,281.20. That made their net purchases and sales $ 160.00.


Does net cost include sales tax?

Net cost does not include sales tax. The net cost of an item is the cost of the item after any discounts or returns and before any tax.


Does a net sale include sales tax?

yes


Does net price include gst?

NO


Does net sales include VAT?

Not according to direct.gov.uk "When someone charges you VAT they multiply the original ('net') price of the item or service by the VAT rate to calculate the amount of VAT to charge. They then add the VAT amount to the net price to give the 'gross' price - the price you pay." http://www.direct.gov.uk/en/MoneyTaxAndBenefits/Taxes/BeginnersGuideToTax/DG_4015895


What is the net price if a purchase would have come to 1500 at the regular price but a 3 percent discount applies to this purchase?

1,455


What is Expected sales price less selling cost?

Its the net realizable value


Is net sales and and net income the same thing?

Net sales and Net Income are not of the same thing. Net sales is sales less its contra accounts (sales returns and allowances, sales discounts). On the other hand, net income or profit is net sales less the expenses.