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Example of net price:Supposed you purchased a refrigerator and its total price was Php 10,599.00, then it says 30% discount, so it means the net price would be Php 7,419.30
Computation:Php 10,599 x 30% = Php 3,179.70 --> this is the discount price
Php 10,599 - Php 3,179.70 = Php 7,419.30 --> this is the net price
The net price is the final price after deducting all the discounts and rebates. In order to get the net price, you will need to multiply the Marked price by the tax rate. Then, add your marked price by its tax amount. The sum will be the net price. Example: Your marked price is 14500 and your tax rate is 7.75% Since Marked price x Tax Rate = Tax Amount, 14500x7.75%=1123.75 And since Marked price + Tax Amount = Net price, 14500+1123.75=15623.75 Net Price = 15623.75
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