There were two prices on the jacket that Ivah purchased. One was obviously placed there by the manufacturer and provided information on how the garment was made and its price of $49.95. The second tag contained a lower price and no other information. Since Ivah paid the lower price for the jacket, the higher price was most likely a _____ price.
A) marginal
B) discounted
C) suggested list
D) fixed
E) promotional allowance

Question

Quizplus · Accepted Answer

The higher price provided by the manufacturer, along with information on how the garment was made, is typically known as the suggested list price. This is the price the manufacturer recommends the item be sold for, but retailers can choose to sell it for less.

There Were Two Prices on the Jacket That Ivah Purchased