name types of discount and briefly explain
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There are 3 Types of Discount;
Trade discount, Quantity discount, and. Cash discount..FREe...
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Discounts may be classified into two types: Trade Discounts: offered at the time of purchase for example when goods are purchased in bulk or to retain loyal customers. Cash Discount: offered to customers as an incentive for timely payment of their liabilities in respect of credit purchases.
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