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Question
Larry's Lawn Care allows customers to use a credit card for purchases. Larry pays 4 percent of the sale to the credit card company. To promote more business, Larry decides to offer a lower price to customers paying cash - that price being 3 percent less than the standard list price. Larry is giving his customers a(n)
A. functional discount.
B. trade-in allowance.
C. promotional allowance.
D. cash discount.
E. everyday low price.
Answer
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