A trade discount is: Question 52 options: A term used by a purchaser to describe a cash discount given to customers for prompt payment. A reduction in selling price below the list price. A term used by a seller to describe a cash discount granted to customers for prompt payment. A reduction in price for prompt payment. Also called a rebate.

A reduction in selling price below the list price.

Explanation:

A trade discount is a discount given to a buyer by the seller as a reduction in the list price of the commodity. It is a reduction in cost of goods sold or services rendered in business. It helps start ups or small businesses save money when purchasing goods or services from those in supply. It is the amount by which a manufacturing deducts money from a reseller instead of the end user.

Explanation:

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