If Perkston's Aquatic Store,a retailer of aquarium fish and supplies,buys one 200-gallon fish tank from Merida's Aquarium Products,it will be billed $329.If it buys more than six in the upcoming year,it will get a 20 percent discount on each aquarium.This savings is referred to as a:
A) cumulative discount.
B) promotional allowance.
C) trade discount.
D) functional discount.
E) single-order discount.

Question

Quizplus · Accepted Answer

A cumulative discount is given based on the quantity purchased over a period of time, which matches the scenario where a discount is applied after purchasing more than six tanks within a year.

If Perkston's Aquatic Store,a Retailer of Aquarium Fish and Supplies,buys