BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Multiply the discount rate by the invoice price. In the example, 2 percent times $100, 000 equals a discount of $2, 000.

Detailed explanation-2: -The cash discounts are recorded in an invoice by showing the net and gross price of the goods and services sold after deducting the discount from its total price.

Detailed explanation-3: -The formula for cash discount is as follows: Cash discount = purchase price * discount rate.

Detailed explanation-4: -Invoice Price Formula To calculate the invoice price, multiply the invoice cost by the profit margin, then add the result to the invoice cost.