Computer Science, asked by zainkhan7756, 11 months ago

Explain the Trade Discount.

Answers

Answered by student6389
2

✔✔A discount on the retail price of something allowed or agreed between traders or to a retailer by a wholesaler is called trade discount.✔✔

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Answered by FuzzieGirl
4

Answer:

Trade discount is allowed by the manufacturers to the wholesalers and retailers or by the wholesalers to retailers .

It is allowed to all buyers whether they purchase goods for cash or credit it is not connected with the payment.

Trade discount is allowed at the time of sale.

And the amount of trade discount is reduced from the invoice.

It is allowed to sell the goods at the list price.

Trade discount is not recorded in the books of account.

Trade discount = ( Marked or List Price * % of Trade Discount ) ÷ 100

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