WAEC Commerce 2020 Objective — Question 22
Question 22 of 50 from the West African Examinations Council (WAEC) Commerce 2020 Objective paper, with the correct answer and a full explanation.
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A discount deducted from the invoice price of goods to enable the retailer to make profit is
- A. cash discount
- B. functional discount
- C. trade discountCorrect
- D. seasonal discount
Explanation
A trade discount is the deduction given a buyer to encourage the buyer to buy in large quantity and to enable him make some profit.
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