Question

in a particular shop employees are given a 12.5% discount on any items they purchase.calculate the actual price an employee would pay for each of the following 1200 1​

Answer 1

The actual price an employee would pay for each of the following 1200 will be $1371.49.

Who is an employee?

An employee can be defined as a person who has agreed to be employed to work for some form of payment under a contract of employment.

Our employment status will help define what rights and responsibilities we have at work. There are three main types of employment status, they are worker, employee, self-employed or independent contractor. Employers control how employees are paid, and when and how employees have to work.

Employees and contractors both are different.

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Answer 2

An item's true cost is $1371.49. the cost of something after taxes, interest, and so on are deducted: Leasing is a complicated option, and in most states, dealers are not required to tell you the actual price you are paying for the car.

What is the discounted price?

Discount pricing refers to a variety of strategies in which the price of a product or service is reduced in order to generate interest, unload excess inventory, or increase sales. The effectiveness of discount pricing is dependent on consumers' perceptions of 'getting a good deal on an offering.

Given

Price after discount = 1200

Discount rate = 12.5%

Required price value before Discount =?

Let be cost be 100.

Cost Price = Price after discount x 100 / Cost - discount rate

                  = 1200 x 100 / 100 -12.5% =$1371.49.

Thus, the actual price before the discount is $1371.49.

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