Financial Management

Cost price

Price of goods obtained by dealers.

Selling price

Price of goods sold to the buyers

The profit

When the selling price is higher than the cost price

The loss

When the cost price is higher than the selling price

The profit calculation formula

Profit = selling price - cost price

The discount

Price cut from the original price

The discount calculation formula

The discount = the original price - the new price

Bill

A written statement on the purchase of goods or services received

Rebate

The deduction of a certain amount of payment or the return of part of the money after buying an item.

Rebate calculation formula

Rebate = Total bill - total payment