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What Is The Difference Between Rebate and Discount

Rebate is a partial repayment given retrospectively based on purchases over a period of time, such as monthly or yearly. A discount provides an immediate reduction in price at the time of purchase. While a discount amount does not change, a rebate amount is conditional on meeting a sales volume or quantity threshold over the specified period.

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Neelesh Kumar
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186 views

What Is The Difference Between Rebate and Discount

Rebate is a partial repayment given retrospectively based on purchases over a period of time, such as monthly or yearly. A discount provides an immediate reduction in price at the time of purchase. While a discount amount does not change, a rebate amount is conditional on meeting a sales volume or quantity threshold over the specified period.

Uploaded by

Neelesh Kumar
Copyright
© Attribution Non-Commercial (BY-NC)
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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What is the difference between Rebate and Discount?

Rebate is a partial repayment, whereas a refund is a repayment of the total purchase price Discount is reduction in Price or discount means ...it happens on a single purchase...when comes to rebate .....it happens on only after some particular period of time. or Rebates are retrospective in nature with a specific time frame or other conditions like Sales Volume, Sales Quantity attached to it. or Rebate:an incentive to be given to a customer .clubbed with qty purchased by a customer within the period specified (say one month)-conditional. Discount:unconditional,to be given to a customer on account of heavy purchase by one single billing.-From the price List(Base price). or reabte is a discount which is settled ate the end of a perod of a contract or an agreement. discounts normally given anytime. or Rebate is basically Discuont on turover,means if u buy 3 shirts u will get discount of 20%,whereas if the no of shirts het reduced the discount will get reduced. Discount doesnt depends upon the turover,it is fixed.and can only differ from customer to customer. or Rebate is a retroactive agreement.it is given to a partial payment to perticular secheduled time.(1yr or 3 Yr).

discount is given at a time to the customer. or Rebate is given for the purchase of specified quantity or on the volume of the sales over a given period of time . Discount is given on every goods purchased by the customer

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