Ask Question
BusinessBusiness
31 October, 22:44

Vac N' Sew will give customers $100 for a used vacuum cleaner, regardless of condition, when they purchase a new vacuum or sewing machine. This essentially reduces the price by $100. What is this type of discount called?

+4
Answers (1)
  1. 31 October, 23:00
    0
    Trade-in allowance

    Explanation:

    A trade-in allowance is a type of discount in which the price of a good is reduced by the value of a another good that the buyer gives to the seller.

    In this question, we have a trade-in-allowance because buyers give a product (a used vacuum cleaner) valued at $100 in exchange for a discount by the same amount of the total price of the new vacuum that they want to buy.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Vac N' Sew will give customers $100 for a used vacuum cleaner, regardless of condition, when they purchase a new vacuum or sewing machine. ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
How does a lender use a credit report?
Answers (1)
Which form of investment has the most amount of risk involved? 1. savings account 2. checking account 3. mutual fund
Answers (1)
Sheridan Inc. and Pharoah Co. have an exchange with no commercial substance. The asset given up by Sheridan Inc. has a book value of $58500 and a fair value of $93500. The asset given up by Pharoah Co.
Answers (1)
If a company uses a variety of different marketing strategies that means its marketing strategies are
Answers (1)
Consider a no-load mutual fund with $580 million in assets and 20 million shares at the start of the year and with $630 million in assets and 21 million shares at the end of the year.
Answers (1)
New Questions in Business
Suppose that a firm produces 200,000 units a year and sells them all for $10 each. The explicit costs of production are $1,500,000 and the implicit costs of production are $300,000. The firm has an accounting profit of: a.
Answers (1)
John has applied overhead of $80,000 and actual overhead of $70,600 for the month of November. He applies overhead based on direct labor hours, and that amounts to 10,000 hours for the month of November.
Answers (1)
Under market organization, individuals can communicate their preferences to other decision makers directly, through communication, but not indirectly, through their choice of whom to transact with. A) True B) False
Answers (1)
If you die without a valid will: the federal court decides how the property should be distributed. the IRS confiscates your property. your relatives or friends will get the property. the state's law of descent and distribution becomes your will.
Answers (1)
A service economy is one in which more effort is devoted to the production of goods than to the production of services. a. true b. false
Answers (1)
Home » Business » Vac N' Sew will give customers $100 for a used vacuum cleaner, regardless of condition, when they purchase a new vacuum or sewing machine. This essentially reduces the price by $100. What is this type of discount called?
Sign Up Forgot Password?