1. Due dates | List price minus net price |
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2. Credit period | Two or more trade discounts |
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3. 2/10, EOM (before 25th) | Savings from early payment |
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4. List price | 100% less stated percent |
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5. Discount period | Time period sellers give buyers to pay invoices |
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6. FOB shipping point | Amount of time to take advantage of a cash discount |
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7. Cash discount | Could be calculated by table look-up |
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8. Net price equivalent rate | Cash discount within first 10 days in next month after sale |
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9. Example of ordinary dating | Seller pays cost of freight |
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10. Complement | Buyer pays cost of freight |
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11. FOB destination | Suggested retail price |
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12. ROG | List price minus amount of trade discount |
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13. Terms of sale | Actual cost to buyer per dollar |
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14. Single equivalent discount rate | 2/10, n/30 |
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15. Net price | Discount period begins when goods are received |
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16. Amount of trade discount | 1 – net price equivalent rate |
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17. Chain discount | Criteria on invoice |
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