WAEC Commerce 2012 Objective — Question 31
Question 31 of 50 from the West African Examinations Council (WAEC) Commerce 2012 Objective paper, with the correct answer and a full explanation.
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A percentage reduction from the quoted price of goods given to a buyer to encourage bulk purchase is called
- A. cash discount
- B. trade discountCorrect
- C. commission
- D. bonus
Explanation
Trade discount is the deduction given to a buyer to motivate the buyer to buy at large quantity for resale.
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