Explanation:

When purchasing goods, it is common for sellers to offer trade discounts to buyers. A trade discount is a reduction in the listed price of goods or services offered by a seller to a buyer. In this case, the buyer, who is referred to as "we," purchased goods from Govind for Rs 6000 at a trade discount of 20%. Let's break down the explanation into the following sections:

1. Definition of Trade Discount:
A trade discount is a deduction from the listed price of goods or services offered by a seller to a buyer. It is usually provided to buyers who purchase goods in bulk, to encourage larger orders and establish a long-term relationship with the buyer.

2. Transaction Details:
- Seller: Govind
- Buyer: We (not specified)
- Purchase Amount: Rs 6000
- Trade Discount: 20%

3. Calculating the Trade Discount:
To calculate the trade discount, we need to multiply the purchase amount by the trade discount percentage. In this case, the trade discount is 20%, so we can calculate it as follows:

Trade Discount = Purchase Amount * Trade Discount Percentage
= Rs 6000 * 20%
= Rs 6000 * (20/100)
= Rs 1200

4. Final Amount:
After calculating the trade discount, we can subtract it from the purchase amount to find the final amount we need to pay.

Final Amount = Purchase Amount - Trade Discount
= Rs 6000 - Rs 1200
= Rs 4800

Therefore, the final amount we need to pay Govind is Rs 4800.

5. Importance of Trade Discounts:
Trade discounts are beneficial for both buyers and sellers. Buyers can enjoy discounted prices, which can increase their profit margins or allow them to offer competitive prices to their customers. On the other hand, sellers can attract more customers, encourage bulk purchases, and establish long-term relationships with buyers.

Conclusion:
In conclusion, we purchased goods from Govind for Rs 6000 at a trade discount of 20%. The trade discount reduces the purchase amount by Rs 1200, resulting in a final payment of Rs 4800. Trade discounts are beneficial for both buyers and sellers as they help in increasing profit margins and establishing long-term relationships.