List of Formulae

S=P(1+RT)

PROCEED=S(1-DT)

S=P(1+i)n

R=C+M

GP=OE+NP

markdown

what is markdown???

Markdown is a decrease in the selling price...it is the different in the old retail price and the new price...that is,

MD=OP-NP
Where MD is markdown
OP is old retail price
NP is new retail price

chain discount

A radio is advertised for RM480 less 10%. find

a) the net price,


solution:

List price = RM480

Less 10%= 0.10 (RM480)=RM48

=RM480-RM48
Net price=RM438

The future value & compound interest

S of principal, P after n interest periods at compound interest rate, I per interest periods is

S=P(1+i)n

where S= future value or amount
I=interest rate per interest period
n=number or interest periods

compound interest, I is given by

I=S-P

A permissory note

A permissory note is a written document made by one person or party to pay stated sum of money on a specificed future date to a person or party.

The main features of a promissory note are payee, maker, date of the note, term of the note, face value, maturity value and maturity date...

HmMMmMMmmMmm

hMM.. TeSt aRoUnD a cOrNeR.. FuH!!!! HmMmMm...
i WiTh mY FrEn,aNiS StUdy AbOuT MaRkUp MaRk DoWn,sImPlE iNtErEsT,aNd AlSo BaNk DiScOuNt.. Im sAtiSFiEd StUdy In gRoUp BeCaUsE i CaN MoRe UnDeRsTaNd.. i AlSo CaN cOmPaRe My OpInIoN wItH mYfReN..sO,WiTh ThAt i FeLt I lIkE mOrE KnOwLEDgaBlE..hEhE...nOw.. i AlSo cAn ReMeNmBeR wHaT hAd MiSS ChEnG tEaCh mE..i AnD aNiS MeMoRiEs All THe fOrMulA ANd I aNd AnIs HoPe CaN aNsWer VeRy WeLL anD suCcESfUl..HuhU
sOmE of ThE fOrMuLa :
fOr MaRkUp AnD mArK dOwN..
R= C+NP+OE
R= C+M
bAnK dIsCoUnT..
D= Sdt
P= S(1-dt)
SiMpLe InTeReSt..
I=Prt
S=P(1+rt)
So, nOw I aNd AnIs MoRe MeMoRiES aLL tHe fOrMulA aNd mOrE EaSIeR to CaLcULaTe AbOuT bUSiNeSSMaTH..