Which of the following is a reduction in the catalogue price?

Assessment: WAEC SSCE - Commerce - 2009 (Objective) Subject: Commerce

Question 1 Report

Which of the following is a reduction in the catalogue price?
Answer Details
A reduction in the catalogue price is referred to as a trade discount. A trade discount is a percentage deduction given by a seller to a buyer for purchasing goods in bulk or reaching a certain sales volume. It is a form of price reduction intended to promote sales by attracting customers to buy more of a product. Unlike a cash discount, which is a deduction given for early payment of a bill, a trade discount is deducted directly from the list or catalogue price of the goods.
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