Net price is the amount charged after applicable discounts and pricing adjustments, but its exact treatment of tax, freight, fees, or rebates depends on the stated calculation. A quotation should make clear which additions or deductions are already included.
Quick reference for Net price
| Check | What it means for the transaction |
|---|---|
| Category | Pricing and profitability |
| Record to keep | Record the cost basis, currency, quantity, customer scope, effective period and approval behind the amount when they apply. |
| Do not infer | A price label alone does not establish margin, landed cost or the final invoiced amount. |
Net price and nearby terms
- List price: List price is the standard published or system-recorded price of a product or service before customer-specific discounts, negotiated terms, or transaction adjustments.
- Discount schedule: A discount schedule defines the discounts available under stated conditions, such as order quantity, customer group, product category, contract, payment timing, or campaign.
