Which of these is NOT part of a price-based transaction?
A) A businessperson's leasing a new car for $499 per month
B) The U.S. Navy returning $500,000 worth of defective parts to a major supplier
C) A student's receiving a $1,000 trade-in towards the purchase of a new car
D) A retailer's receiving a 3 percent cash discount

Question

Quizplus · Accepted Answer

The U.S. Navy returning $500,000 worth of defective parts to a major supplier is not a price-based transaction because it involves a return or rectification of a previous transaction rather than a direct purchase or sale based on a price.

Which of These Is NOT Part of a Price-Based Transaction