Discount Calculation
1. **Problem statement:** Calculate the net price after trade and functional discounts, the final amount after cash discount, total discount value, and amount payable if cash discount is lost.
2. **Given:** List price $=120000$
3. **Discounts:**
- Trade discount $=20\%$
- Functional discount $=5\%$ on balance after trade discount
- Cash discount $=4\%$ if paid within 15 days
4. **Step 1: Calculate net price after trade and functional discounts**
- Trade discount amount $=120000 \times 0.20 = 24000$
- Price after trade discount $=120000 - 24000 = 96000$
- Functional discount amount $=96000 \times 0.05 = 4800$
- Net price after trade and functional discounts $=96000 - 4800 = 91200$
5. **Step 2: Calculate final amount payable after cash discount**
- Cash discount amount $=91200 \times 0.04 = 3648$
- Final amount payable $=91200 - 3648 = 87552$
6. **Step 3: Calculate total dollar value of discounts**
- Total discounts $=24000 + 4800 + 3648 = 32448$
7. **Step 4: Amount payable if cash discount is lost (payment after 15 days)**
- Amount payable without cash discount $=91200$
**Final answers:**
- Net price after trade and functional discounts: $91200$
- Final amount payable after cash discount: $87552$
- Total discount value: $32448$
- Amount payable if cash discount lost: $91200$