JAMB Commerce 2025 Objective — Question 27
Question 27 of 40 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2025 Objective paper, with the correct answer and a full explanation.
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A reduction in price on purchase during a stated period of time is known as:
- A. Sale
- B. DiscountCorrect
- C. Allowance
- D. None of these
Explanation
A discount is a deduction given from the price of a good under specific conditions, such as a stated purchase period.
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