This summary of the video was created by an AI. It might contain some inaccuracies.
00:00:00 – 00:08:02
The YouTube video provides a detailed guide on calculating list sales prices, profits, and customer discounts in trade calculations. Key points include understanding cost price, profit surcharge rates, customer discounts, and target sales prices. Viewers are walked through the process of breaking down costs, calculating profits, determining customer discounts, and arriving at final list sales prices. The importance of accurate calculations and understanding various components of trade calculations is emphasized. Additionally, viewers are encouraged to explore further information in a book on retail and manufacturing industry calculations mentioned at the end of the video.
00:00:00
In this part of the video, the task is to calculate the list sales price based on a given diagram. The video explains various types of calculations, such as reference costing, cost price calculation, and sales calculation, which are part of the trade calculation process. The importance of understanding the types of calculations is highlighted for interpreting and analyzing results. The process involves calculating action costs, overhead costs, and arriving at the cost price by factoring in handling costs. Key steps include dividing the purchase price, applying the action cost surcharge rate, and summing up to determine the cost price of €529.44.
00:03:00
In this segment of the video, the speaker explains the process of calculating profit for a product priced at €529.44 with a 10% profit surcharge rate. The cost price is divided by 100 then multiplied by the profit surcharge rate to calculate the profit. The cash selling price is then determined by adding the cost price and profit. The customer discount is calculated by considering the target sales price minus the customer discount rate. The target sales price is found by adding the cash sales price and the customer discount. The customer discount rate is discussed in detail, emphasizing the importance of the target sales price for discount calculations. Finally, the target sales price is used to calculate customer discount and is entered into the table for reference.
00:06:00
In this segment of the video, the speaker explains how to calculate the list sales price with a customer discount of 15%. The target sales price is determined to be 85% of the list price. After calculating a customer discount of 104.84 euros, the final list sales price is found to be 699.14 euros. The video concludes by mentioning a book on retail and manufacturing industry calculations and invites viewers to check it out for more in-depth information.