Final price after deducting all discounts and rebates. Harsh CFA
Gross price-expenses=net price
The gross price would be the price before deductions. The net price is after deductions.
To calculate the net price of a given commodity, subtract the expresses from the gross prices. The new figure is will be the net price.
It is very easy. It means that your billing is due within 15 days. Most will say Net 15 - 2% which means you can take off 2% of the price if paid within 15 days. Or the most popular is Net 30 days same as cash.
what is meant by net price? does it include excise duty? If included, how is it claculated
Gross price-expenses=net price
net-price or sales price net price
The gross price would be the price before deductions. The net price is after deductions.
Net priceThe 'net' price
To calculate the net price of a given commodity, subtract the expresses from the gross prices. The new figure is will be the net price.
To calculate the net price of a given commodity, subtract the expresses from the gross prices. The new figure is will be the net price.
Net priceThe 'net' price
The gross price is the basic price. Adjust for any discuont, add any relevant taxes and you get the net price.
"Net Net" is a business term for the absolute, final, "bottom line" cost of an item, after all discounts, fees, charges, etc. have been calculated.
what is net price? a final price ofter deducting all discounts and rebates.
No, the net price is not the same as the cost price. The cost price refers to the original amount paid to acquire a product, while the net price is the final selling price after deductions such as discounts, taxes, or additional fees. Essentially, the net price reflects what the buyer pays after all adjustments, whereas the cost price is what the seller initially incurs.
"Price is net of warranty" means that the listed price of a product or service does not include the cost of any warranty or guarantee coverage. Essentially, the price reflects only the base cost, excluding additional expenses for warranties that may be offered separately. This terminology helps clarify the total cost a buyer might incur, should they choose to add warranty protection.