WAEC Commerce 2009 Question 25

Question 25

Purchase and Sale of Goods

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

  1. A.Rebate
  2. B.Cash discount
  3. C.Commission
  4. D.Trade discount
Show the answer and explanation

Answer: D (Trade discount)

Explanation

Trade discount is a reduction off the catalogue (list) price given to traders.