Insta-Mark Inc. makes custom-imprinted three-ring binders for business customers. Its prices are: $4.00 per binder for a single order of up to 50 binders; $3.50 per binder for a single order of 51 to 100 binders; and $3.00 per binder for a single order over 100 binders. Insta-Mark is using a(n):
A) Seasonal discount.
B) Cash discount.
C) Cumulative quantity discount.
D) Noncumulative quantity discount.
E) Trade discount.

Question

Quizplus · Accepted Answer

Insta-Mark Inc. is using a noncumulative quantity discount, which offers a reduced price based on the quantity purchased in a single order.