Rick's Bike Shop allows customers to use a credit card for purchases. The shop pays 3 percent of the sale to the credit card company. To promote more business, Rick decides to offer a lower price to customers paying cash-that price being 3 percent less than the standard list price. Rick is giving his customers a(n):

Rick's Bike Shop allows customers to use a credit card for purchases. The shop pays 3 percent of the sale to the credit card company. To promote more business, Rick decides to offer a lower price to customers paying cash-that price being 3 percent less than the standard list price. Rick is giving his customers a(n):

Rick's Bike Shop allows customers to use a credit card for purchases. The shop pays 3 percent of the sale to the credit card company. To promote more business, Rick decides to offer a lower price to customers paying cash-that price being 3 percent less than the standard list price. Rick is giving his customers a(n):



A.

functional discount.


B.

trade-in allowance.


C.

promotional allowance.


D.

discount-for-cash.



Answer: D


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