The formula to calculate the total price for bulk purchases is:
\[ TP = (UP \times Q) \times \left(1 - \frac{D}{100}\right) \]
Where:
Bulk pricing is a discount strategy where items are sold at a reduced price when purchased in large quantities. This approach is commonly used in wholesale and retail operations to incentivize larger purchases and move inventory more quickly. Bulk pricing benefits both the seller, by increasing the volume of sales, and the buyer, by reducing the cost per unit.
Let's assume the following values:
Step 1: Calculate the Total Price (TP):
\[ TP = (10 \times 50) \times \left(1 - \frac{10}{100}\right) = 500 \times 0.9 = 450 \]
The total price after discount is $450.
