A discount is volume-based if the discount is based on the total quantity purchased over a given period,regardless of the number of lots purchased over that period.

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A volume-based discount is based on the total quantity purchased over a given period, regardless of the number of lots purchased over that period. This means that the discount is applied based on the total volume, rather than the number of individual units or lots purchased.

A Discount Is Volume-Based If the Discount Is Based on the Total