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Describe the difference between a “Single Trade Discount versus” and “ Discount Series”?

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Question added by Abdul Samad Nadeem Malik , Business Support Officer , Thimar Al Jazirah - 3M ESPE
Date Posted: 2014/04/21
Muhammad Akram Shahzad Mughal
by Muhammad Akram Shahzad Mughal , Assist. Manager Inventory & Warehouse , KahrPlast Co.

single trade discount is a one time discount while a discount series can't be added together but have to be discounted separately wherein the base for the next discount will be the net of the first discount and so on. a seller can offer a series of discounts on a product for a number of reasons like for example,20% discount upon sale, additional of5% if volume sale and another discount of5% if the account is paid within30 days. the buyer gets a higher discount if it is given as a single discount rather than a discount series. for example a single discount of30% compared to a discount series of20;5;5. if the sale was $100 the discount is $30 while if the discount is series. the discount is $27.80

Umer Sharif
by Umer Sharif , Consultant Lead Financial, Functional, Implementation of Infor ERP Syteline ‚ Eccountant & SmartHCM. , Bin Rasheed Technology Pvt Ltd.

agreed with all above...

Mohammad Rehan Azim
by Mohammad Rehan Azim , Management, Tender Analysis, Tender Specialist, Dealing in Medical and Pharmaceutial , Thimar Al Jazirah Co.

Single Trade Discount:50% Discount Series:2/4/8, you have to find the discount series separately.

Natasha Khan
by Natasha Khan , Assistant Manager , Publishing Company – Coventry

A single trade discount is one discount offered, such as30%.A discount series will be a number of discounts offered in a chain. It is shown by slashes - such as15/10/5.

Divyesh Patel
by Divyesh Patel , Assistant Professional Officer- Treasury , City Of Cape Town

Single trade discount is a one time discount while a discount series can't be added together but have to be discounted separately wherein the base for the next discount will be the net of the first discount and so on.

Ahmed Sultan
by Ahmed Sultan , Assistant Manager , Motaaz Almotameez

A discount may be expressed as a single consolidated percentage of the total price, or at may be expressed as a series of discount percentages. When the discount is expressed as a series do discount each successive discount is calculated as a percentage of the net price after application of the previous discounts in the series.

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