Please community, what is the basic different between net rate and rate of an item
Hay
My expectation is that the rate is the price with the discount or margin adding profit to it
Either the net rate is the price after a discount or margin
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ok. you mean rate is the price before removing the discount and the net rate is the price after removing the discount, right?
Rate = Price List Rate - Item level discount + margin
Net Rate = Rate - Proportionate additional discount (Discount on transaction level) - Tax amount (If rate is tax inclusive)
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Ok thanks so much