If Perkinston's Pet Store, a Retailer of Tropical Fish and Supplies

question 14

Multiple Choice

If Perkinston's Pet Store, a retailer of tropical fish and supplies, buys one 200-gallon fish tank from La Mer Aquarium Products, it will be billed $329. If it buys more than six during the upcoming year, it will get a 20 percent discount on each aquarium. This savings is referred to as a:

• A)cumulative quantity discount.
• B)promotional allowance.
• C)trade discount.
• D)functional discount.
• E)cash discount.

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