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WAEC Commerce 1999 Question 23

Question 23

Purchase and Sale of Goods

Trade discount is given to the buyer for

  1. A.prompt payment
  2. B.credit purchase
  3. C.cash purchase
  4. D.retailer's mark-up
Show the answer and explanation

Answer: D (retailer's mark-up)

Explanation

Trade discount gives the retailer his margin (mark-up); prompt payment earns cash discount.