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Which of the following characteristics distinguishes a professional from a nonprofessional?
Complement Rate
A rate equal to 100% minus the discount rate; used with the complement method in determining trade or cash discounts.
Net Price
The actual price paid for a product or service after deducting any discounts, rebates, or promotions.
Complement Method
Method of computing the net price directly, using the complement of the trade discount rate.
Trade Discounts
Discounts given to buyers that generally are based on the quantity purchased.
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