27.A price reduction from the original selling price of merchandise is known as a _____. markup markdown     cancellation trade discoun

College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter11: Accounting For Purchases And Cash Payments
Section: Chapter Questions
Problem 3TF: A trade discount is a reduction from the list or catalog price offered to different classes of...
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27.A price reduction from the original selling price of merchandise is known as a _____.
markup
markdown    
cancellation
trade discount
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