For 625, the trade discount was $48.94.
List Price - Net Price = $625 - $576.06 = $48.94 for trade discounts.
Trade discounts are defined as the reduction in list price, also known as a discount, that is permitted by a supplier to the consumer while selling the product to the concerned consumer, typically in bulk quantities, in order to increase the sales of the business because more customers are drawn in when the discount is given on the list price of the product.
When a seller offers a discount to a buyer when they acquire items, it is referred to as a trade discount. In the list price or retail price of the quantity sold, it is provided as a reduction. In order to draw in more customers and get large orders, or to improve sales, the vendors typically permit this discount. As a result, neither the buyer nor the seller's books of accounts shall have any record.
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