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What is the difference between discount …

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What is the difference between discount and rebate?

Posted by Mohit Sharma 7 years, 11 months ago

CBSE > Class 12 > Business Studies

1 answers

Preet Kaur Dhillon 7 years, 11 months ago

A deduction in the purchase price given to the buyer by seller for various reasons called discount.... Rebate is the amount of purchase price refunded by seller to buyer . When quantity puchased reaches the specified limit. "When advance is paid or payment is made in time."

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