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Direction: Fill in the blank with appropriate word that satisfy/support the paragraph that follows. Write your answer on a separate answer sheet. Discounts A is the amount by which the The are given to customers to retail price of a product is reduced by the encourage them to purchase in volume. It manufacturer when it is sold to the re seller or customer. The formula used to is also effective in promoting seasonal solve for the trade discount is given by items and to entice new set of Trade discount = Selling Price x Discount Rate I also understand the importance of discount through the following, The is the fee for a service or product before discounts are deducted or sales taxes are added, while the is the final charge you pay for a product or service after discounts and sales taxes are computed