When Sherman Bought Gas, He Noticed the Convenience Store Offered

question 59

Multiple Choice

When Sherman bought gas, he noticed the convenience store offered him a 3 percent reduction in price if he paid in cash instead of using his credit card.The convenience store was offering him a _____.

• A)trade discount
• B)cash discount
• C)promotional allowance
• D)membership discount

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Definitions:

Grand Total

The sum of all numbers or quantities in a series, often the final total in a table of numbers.

Column Portions

Segments or parts of a column in a table or spreadsheet, often referred to in data analysis.

Two-way Table

A tabular method to represent data that can help in analyzing the relationship between two categorical variables.

Column Percentages

Percentages that represent the portion each category within a column constitutes of the column's total, often used in crosstabulation tables to analyze categorical data.