ENTREPRENEURIAL OPERATIONS
INVENTORY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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VAT price
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price of goods
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cost of manufacturing
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cost of transport
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Detailed explanation-1: -Discount is the deduction in the price of the goods sold. It is offered in two ways. Offering deduction of agreed percentage of list price at the time of selling goods is one way of giving discount.
Detailed explanation-2: -A trade discount is an amount deducted from the list price. It is the product of the discount rate and the list price. The list price is the suggested retail price determined by the manufacturer or distributor and listed in their product list or catalogue.
Detailed explanation-3: -A discount given by a seller to the buyer as a deduction in the list price of the commodity is a trade discount. A reduction in the amount of invoice allowed by the seller to the buyer in return for immediate payment is a cash discount. Purpose. To facilitate sales in bulk quantity.