Supershop,a 450-store supermarket chain,just ordered 90,000 cases of a new product from Smyrl Company,a relatively unknown regional manufacturer.The regular selling price per case is $24,but Supershop received a 15 percent discount off the regular case price.This discount is called a(n)_____.

Question

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The discount that Supershop received from Smyrl Company is known as an off-invoice allowance. This type of discount is deducted from the invoice price of the product rather than given as a separate payment or credit.

Supershop,a 450-Store Supermarket Chain,just Ordered 90,000 Cases of a New