Discuss the types of discounts
The Types of Discounts given in the following way;
Contractual Discount - standard discount percentage is included in an existing contract between the buyer and seller . For example the contract may state that all purchases made receive an automatic discount of 8% under this arrangement the discount is taken from the sale price at the point of sale.
Early Payment Discount - in early payment discount customers can take a small percentage discount while paying the seller if they Pay with within a certain number of days the discounts tend to have a higher effective interest rate and so a good deal for customers.
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