The difference between the list price and the trade discount is the amount the consumer pays, called the net price.

Name: The difference between the list price and the trade discount is the amount the consumer pays, called the net price.
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The amount the consumer pays, called the net price, is actually the list price minus the trade discount minus any other discounts, not just the difference between the list price and the trade discount.

The Difference Between the List Price and the Trade Discount