WAEC - Commerce (2020 - No. 22)
A discount deducted from the invoice price of goods to enable the retailer to make profit is?
cash discount
functional discount
trade discount
seasonal discount
Paliwanag
A trade discount is a reduction in price a manufacturer or wholesaler gives a wholesaler or retail when they buy a product or group of products for resale. It is done so that the retailer or wholesaler can make profits after resale.