Assume the gross amount of an invoice is $200 and a discount of 20% is allowed. The amount of the trade discount totals

Name: Assume the gross amount of an invoice is $200 and a discount of 20% is allowed. The amount of the trade discount totals
Brand: Quizplus
Rating: 5.0 (53 reviews)

Question

Quizplus · Accepted Answer

To find the trade discount, we need to multiply the gross amount of the invoice by the discount percentage:

$200 × 20% = $40

Therefore, the amount of the trade discount is $40.

Assume the Gross Amount of an Invoice Is $200 and a Discount