Discounts refer to reductions from the __________ that a seller gives a buyer as a reward for some activity of the buyer that is favorable to the seller.
A)final price
B)list price
C)wholesaler's cost
D)manufacturer's cost
E)retailer's cost

Question

Quizplus · Accepted Answer

Discounts are reductions from the list price that sellers give to buyers as a reward for some activity that is favorable to the seller. The list price is the original price of the product before any discounts are applied. Therefore, the best choice is B (list price).

Discounts Refer to Reductions from the __________ That a Seller