Discount
By angnima
@angnima (772)
Nepal
January 30, 2007 4:49am CST
Discount:
A reduction of a principal amount.
(i) Cash Discount:
is allowed for making cash or prompt payments.
(ii) Trade Discount:
is allowed by the manufacturers or producers to their
dealers.This is generally a certain percentage on the
marked or printed price of the product.
(iii) Special Discount:
is allowed under special circumstances
- generally on large orders or on orders received during
a particular period.In certain cases it is also allowed
on shop-soiled stock.
1 person likes this
1 response
@Lydia1901 (16351)
• United States
18 Feb 07
Yep, that is what discounts are and thank you so much for sharing that. It is a good reminder.
