Cost of Discount Monthly
Miss Dazy
Registered Posts: 34 Regular contributor ⭐
Once you work out the annual percentage cost of the discount, how do you work out the monthly cost of the discount?
Or is this a separate formulae if so could somone put it up, thanks
Or is this a separate formulae if so could somone put it up, thanks
0
Comments

Find the amount of money that is due (before discount) and multiply that amount by the % discount on offer for early settlement
Eg you owe me £5,000, the discount I'm offering is 1% for payment one month quicker than normal, so the cost is 1% of £5,000 = £50Sandy
sandy@sandyhood.com
www.sandyhood.com0
Categories
 All Categories
 1.2K Books to buy and sell
 2.3K General discussion
 12.5K For AAT students
 318 NEW! Qualifications 2022
 161 General Qualifications 2022 discussion
 11 AAT Level 2 Certificate in Accounting
 56 AAT Level 3 Diploma in Accounting
 87 AAT Level 4 Diploma in Professional Accounting
 8.8K For accounting professionals
 23 coronavirus (Covid19)
 272 VAT
 92 Software
 273 Tax
 135 Bookkeeping
 7.2K General accounting discussion
 200 AAT member discussion
 3.8K For everyone
 38 AAT news and announcements
 345 Feedback for AAT
 2.8K Chat and offtopic discussion
 582 Job postings
 16 Who can benefit from AAT?
 36 Where can AAT take me?
 42 Getting started with AAT
 26 Finding an AAT training provider
 48 Distance learning and other ways to study AAT
 25 Apprenticeships
 66 AAT membership