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A percentage reduction from the quoted price of goods given to a buyer to encourage...

Commerce
WAEC 2012

A percentage reduction from the quoted price of goods given to a buyer to encourage bulk purchase is called

  • A. cash discount
  • B. trade discount
  • C. commission
  • D. bonus
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Correct Answer: Option B
Explanation

A trade discount is a percentage reduction from the quoted price of goods offered to encourage bulk purchases or to promote trade with certain buyers.

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