Pricing — definition?
Setting the selling price of goods.
Discount — role?
Reduces the original price during sales.
VAT — calculation method?
VAT = (VAT amount / product price) × 100.
Interest types — difference?
Simple on principal; compound on principal plus interest.
Answer 4 questions on Financial Math Essentials.
1. A shop marks an item at $80 and offers a 25% discount. What is the final sale price?
2. What does a discount mean in pricing?
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