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WAEC Commerce 1996 Question 86

Question 86

Retail Trade

The allowance given to a retailer to enable him make profit is known as

  1. A.interest
  2. B.commission
  3. C.trade discount
  4. D.cash discount
  5. E.dividend
Show the answer and explanation

Answer: C (trade discount)

Explanation

Trade discount is a reduction from the list price that gives the retailer his profit margin.