The discount calculated on list price of goods is called

What is the original price of an apple if you got a 20% discount and paid $0.96 for it?

Paid a cheque to Mary Jones in settlement of our account of $350, less 2% cash discount.

Feb 3 Sold goods, $300, on credit to Carla. Feb 7 Carla returned faulty goods, $50. Feb 15 Cash sales, $610. Feb 19 Carla paid the amount owing by cheque, after deducting 3% cash discount. What was the value of the cheque Carla paid?

Cash discounts differ from trade discounts. Trade discounts do not appear in the double entry accounts, but cash discounts do appear.

discount received debit or credit