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What does a discount represent in a transaction?
  • a)
    Increased selling price
  • b)
    Reduced cost price
  • c)
    Decreased selling price
  • d)
    Increased profit margin
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
What does a discount represent in a transaction?a)Increased selling pr...
A discount in a transaction represents a reduced selling price of an article compared to its marked price. It is offered to customers as an incentive to purchase, often reflecting a percentage decrease from the original retail price.
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What does a discount represent in a transaction?a)Increased selling priceb)Reduced cost pricec)Decreased selling priced)Increased profit marginCorrect answer is option 'C'. Can you explain this answer?
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