Sherman bought gas,he noticed the convenience store offered him a 2 percent reduction in price if he paid cash rather than if he used his credit card to pay for his purchase.The convenience store was offering him a

Question

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A cash discount is a reduction in price offered to a customer who pays with cash, rather than using credit or other forms of payment. In this case, the convenience store is offering Sherman a 2% reduction in price if he pays cash, which qualifies as a cash discount.

Sherman Bought Gas,he Noticed the Convenience Store Offered Him a 2