Discount 1 and 2

What does Discount 1 and Discount 2 means in Trade Agreement Form?

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  • Hi,

    Discount percentage 1 : Specify the discount percent taken on the line amount.
    Discount percentage 2 : Specify the discount percent taken on the remaining amount, after Discount percent 1 is subtracted from the line.

    These are discounts applied on the discounted amount. you can see this calculation in Disc.Pct. 

    Example: Dis % 1 = 10 and Dis % 2 = 5

    Quantity = 15 and Price = 2000 (IN SO line)

    Step1: 15*2000 = 30000

    Step2: 30000 * 10/100 = 3000 (Applied Dis % 1)

    Step3: 30000-3000= 27000

    Step4: On 27000 apply 5% now , ..... 27000*5/100 = 1350

    Step5: 27000 - 1350 = 25,650    ........ This 25650 will be your net amount.

    You can see this 14.5 % in the Disc.Pct field in the SO or PO order line.

    -

    Sarathy

     

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