The price equation formula is final price equals [__________] minus [(incentives) plus (allowances)] plus [extra fees].
A)salaries
B)commissions
C)trade-ins
D)list price
E)taxes

Question

Quizplus · Accepted Answer

The final price equation formula states that the final price is equal to the list price minus the incentives and allowances, plus any extra fees. Therefore, the best choice for the missing blank is "list price" (D). Salaries (A) and commissions (B) are not relevant to the final price equation, while trade-ins (C) are included in the incentives/allowances portion of the equation. Taxes (E) are not included in the blank because they are typically added at the end of the equation.

The Price Equation Formula Is Final Price Equals [__________] Minus