Exam 20: Setting the Right Price

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Apple's "Back to School" program offered students who purchased an iMac computer and an iPod Touch MP3 player a $250 refund.The $250 check was essentially a _____:

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Sears and John Deere run major sales on their lines of riding lawn mowers every fall.This is an example of a seasonal discount.

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Distinguish between a cumulative and a noncumulative discount.

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