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- A discount is a reduction in the price of an item or service12. Businesses use discounts to attract customers, clear inventory, or promote new products12. Discounts can be expressed as a percentage of the original price or as a fixed amount2. The discount is usually calculated on the marked price or listed price of the item or service2. Discounts can be of different types, such as trade discount, cash discount, seasonal discount, or quantity discount2.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.
Discounts are promotions that businesses offer to their customers that reduce the cost of items or services, often by a percentage or using specific criteria. For example, a store may offer a 50% discount on particular products. Businesses can use discounts to shed unwanted inventory, promote new items for sale or attract customers.
www.indeed.com/career-advice/career-developme…Discounts: Definition, Types, Formulas and Solved Examples
- Definition of Discount In simple words, a discount is the price offered or price reduced as compared to the original value of the object or product. ...
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WebJan 24, 2023 · Q.1. How do you define a discount? Ans: Discount is the difference in price between the selling price of an object and the price listed on the object (marked price). Q.2. What are the types of …
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