What is the difference between rebate and discount?

Showing Answers 1 - 13 of 13 Answers

Praveen Akolkar

  • Oct 9th, 2006

Rebate is a partial repayment, whereas a refund is a repayment of the total purchase price

Discount is reduction in Price

ram sharam

  • Oct 10th, 2006

discount means ...it happens on a single purchase...when comes to rebate .....it happens on only after some particular period of time.

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Sujit Telang

  • Oct 19th, 2006

Rebates are retrospective in nature with a specific time frame or other conditions like Sales Volume, Sales Quantity attached to it.

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  • Nov 11th, 2006

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).

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  • Nov 13th, 2006

reabte is a discount which is settled ate the end of  a perod of a contract or an agreement.

discounts normally given anytime.

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Prashant Deo

  • Dec 1st, 2006

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.

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prabhakar bheemineni

  • Dec 1st, 2006

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.

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  • Apr 30th, 2007

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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Areef Mohammed

  • Oct 30th, 2014

Discount is applicable when we create a sales order and Rebate is when we save the billing document

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  • Feb 22nd, 2015

Deffrence between discount and rebate

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  • Feb 26th, 2015

Discount is applicable for the specific customers normally. Rebate is applicable for the customers when he reach the specified quantity with the specified time.

For ex. if customer ordered a material XXXXX for Min quantity of 5000 within a year, he may eligible for rebate of 30%.

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  • Mar 2nd, 2017

Rebate is the discount on bills for the unexpired period (period between date of retirement and maturity), calculated at certain rate of interest.

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