Use the Following to Answer Questions

question 38

Short Answer

Use the following to answer questions :
The following table gives the frequency distribution of rents paid per month by 500 families selected from a city.

-The upper limit of the second class is:

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Definitions:

Noncumulative Quantity Discounts

Price reductions given for a single purchase order rather than over a period of time, based on the quantity of goods purchased.

Noncumulative Quantity Discounts

Discounts that apply to a single order rather than the total volume of orders over a certain period, encouraging large individual purchases.

Cumulative Quantity Discounts

A pricing strategy where the price per unit decreases as the total quantity purchased over time increases.

Seasonal Discounts

Price reductions offered during specific times of the year to stimulate sales during slow periods.