A construction company was offered a 3 percent reduction in price off all invoices from a lumberyard for paying within 10 days of issue. The lumberyard was offering a

A) trade discount.
B) cash discount.
C) promotional allowance.
D) rebate.
E) flexible price.

Cash Discount

A reduction in price offered to a buyer for paying their invoice before a specified date.

Reduction

The process of decreasing the amount, size, or intensity of something.

Invoices

Official documents issued by a seller to a buyer, detailing the products or services sold, their prices, and the total amount owed.