What is the difference between rebate and discount?

Showing Answers 1 - 10 of 10 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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S.P.SIVAKUMAR

  • 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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vivek

  • 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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N.Suresh

  • 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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