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SACE Essential Mathematics exam: Fri 6 Nov, 1:30pm — 27 days away

ATARMAxxing · SACE Essential Mathematics revision notes

Discounts, GST and pricing chains

Discounts, GST and pricing chains
Topic 3: Business applications · Subtopic 3.2: Costing

What this note covers

  1. Follow the money, not just the percentages
  2. Calculate discounts and reverse a quote
  3. Connect cost, mark-up and margin
  4. Audit a multistep invoice
  5. Interpret a quoted saving
  6. Solve school costing tasks cleanly
  7. Worked school costing: GST labels, successive reductions and an invoice audit
  8. Worked pricing decision: mark-up, margin and discount headroom

8 sections · 10 key terms & formulas · 6 common mistakes

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