Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 41 - No. 35)
Which of the following is a key component when calculating the final price after a trade discount?
The discount rate and the list price
The purchase price and the discount rate
The cost of goods and the discount rate
The selling price and the discount amount
Explanation
The trade discount is applied on the list price, based on the discount rate.
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