English: applicable minimum price

Part of speech

Noun, Masculine, Singular

Definition

The applicable minimum price for alcohol is to be calculated, for the purposes of section 2 of this Act, by applying the following formula– M × S × V where–(a) M is whatever price is specified in regulations as being the minimum unit price for the purposes of this Act, expressed in pounds sterling, (b) S is the percentage strength of the alcohol, expressed as a cardinal number, (c) V is the volume of the alcohol, expressed in litres.

Context

Pan, oni bai am yr is-adran hon, na fyddai’r isafbris alcohol cymwys, fel y’i cyfrifir drwy ddefnyddio’r fformiwla uchod, yn rhif cyfan o geiniogau, mae i gael ei dalgrynnu i fyny i’r geiniog gyfan agosaf.