What is the difference between Discount & consession?

Answer Posted / guest

Discount is the difference between MRP and amount paid by
the customer that amount is for whole customer and anybody
can avail this facility.
Concession is the difference between MRP and amount paid by
the close customer. Concession is for close customer only
i.e.- Suppose A Shirt which MRP is Rs.1000/- I go to shop
and I got discount of 20%. then i will got that shirt for
Rs.800 only. again suppose that shopkeeper is my fast
friend then as friendly relation he will allow me extra 5%
as concession.

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