Business Mathematics and Basic Statistics · Class 12 Commerce
Ch 13Billing Discount and Average Billing Date — Class 12 Business Mathematics and Basic Statistics, concept-first.
When a seller bills a customer, the price printed on the price list — the list price (also called the catalogue or marked price) — is often reduced by a trade discount (also called a billing discount) before the customer actually has to pay.
Key concepts
Hover a concept to preview it and jump to its most relevant Q&A.
Successive Discounts
When two or more discounts are applied one after another, each is calculated on the price remaining after the previous discount, so — never by simply adding the discount percentages, which always overstates the true comb…
Most relevant Q&A
Chapter contents
The NCERT structure, section by section. Open a section to see its questions, then read the concept-first solution.
Trade (Billing) Discount and Net Price
When a seller bills a customer, the price printed on the price list — the list price (also called the catalogue or marked price) — is often reduced by a trade discount (also called a billing discount)…
Successive (Chain) Discounts
Sometimes a seller allows more than one discount on the same invoice, one after another — for example, a trade discount followed by a further discount for prompt cash payment.
Average Due Date (Average Billing Date)
A trader who owes several separate bills, each for a different amount and each falling due on a different date, may prefer to settle everything with one single payment on one single date instead of pa…
Exercises
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- Q5A list price of ₹20,000 is offered with successive discounts of 10%, 5% and 5%. Find the net price and the equivalent single discount rate.Free
- Q6After allowing a trade discount of 15%, a trader charges ₹4,250 for an article. Find the list price.Preview
- Q7A trader owes three bills — ₹1,000 due 10 days after a chosen base date, ₹1,500 due 25 days after the base date, and ₹2,500 due 55 days afte…Preview
More questions
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- Example 1A trader allows a trade discount of 12% on a list price of ₹6,000. Find the net price and the discount amount.Free
- Example 2A wholesaler offers successive discounts of 20% and then 10% on a list price of ₹10,000. Find the net price and the equivalent single discou…Free
- Example 3A list price of ₹2,500 is sold for a net price of ₹2,125 after a trade discount. Find the rate of discount allowed.Preview
- Example 4A trader receives three bills — ₹2,000 due on the base date itself, ₹3,000 due 40 days after the base date, and ₹5,000 due 100 days after th…Preview