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Definition of a discount series?
A discount series is the general schedule when retailers lower prices on their products and put them on sale.
What is a discount?
A blind discount is defined as the difference in cost between the listed cash price for equipment and the reduced financed amount. It can also be the difference between the list price of a ca and a lower interest rate.
Is taking a 40 percent discount the same as taking 20 percent off a price that was already reduced by 20 percent?
No because after you would take 20% of you have a lower number so the next 20% would be lower too. But if you took 40% off the original number would be bigger so the discount would be bigger.
What is percent discount?
Answer: "The percentage used to discount the price of something for sale." For example: If the percent discount of a product/service is 15% or (15 percent), then it would be calculated as follows: Price: 50$ Discount: 15% (to convert to decimal, divide 15 by 100 = .15) Discounted Price: 50 - (50 * .15) = 50 - 7.5 = 42.50 <--this is the discounted price or the lower price the customer would pay for the product/service.
Why are prices not rounded off?
Psychological pricing (also price ending, charm pricing) is a pricing/marketing strategy based on the theory that certain prices have a psychological impact. The retail prices are often expressed as "odd prices": a little less than a round number, e.g. $19.99 or £2.98. Consumers tend to perceive "odd prices" as being significantly lower than they actually are, tending to round to the next lowest monetary unit. Thus, prices such as $1.99 are associated with spending $1 rather than $2. The theory that drives this is that lower pricing such as this institutes greater demand than if consumers were perfectly rational. Psychological pricing is one cause of price points.
