b. What is the net price of the order?
To determine the net price of an order, you need to know the total price and any applicable discounts or deductions. The net price refers to the final amount that needs to be paid after deducting any discounts or reducing factors.
To calculate the net price of an order, follow these steps:
1. Determine the total price: This is the original price before any reductions or discounts are applied. This information should be provided or calculated based on the individual prices of the items in the order.
2. Identify any discounts or deductions: Determine if there are any discounts, promotional offers, or deductions applicable to the order. These can include percentage discounts, fixed discounts, or any other form of reduction. Confirm the amount and type of discount available.
3. Calculate the net price: Subtract the value of the discounts or deductions from the total price. This will give you the net price of the order.
For example, if the total price of the order is $100 and there is a 10% discount, the net price would be calculated as follows:
Total price = $100
Discount = $100 x 10% = $10
Net price = Total price - Discount = $100 - $10 = $90
In this example, the net price of the order would be $90.