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A trade discount is:(choose one of the following answer) a.A term used by a seller to describe a cash discount granted to customers for prompt
A trade discount is:(choose one of the following answer)
a.A term used by a seller to describe a cash discount granted to customers for prompt payment.
b.A reduction in price for prompt payment.
c.A term used by a purchaser to describe a cash discount given to customers for prompt payment.
d.A reduction in selling price below the list price.
e.Also called a rebate.
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