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But when gas prices rise, the savings also increase, he says.
Just dont expect a cash deal on anything inside the store.
But those with insurance also should look for opportunities to pay cash, especially if theyre planning to have a procedure that wont be covered, McLean says.If he were to pay cash, he would save 10 percent off the bill, the restaurants owner told him.Get free access for 5 days, just create an account.Customers must be willing to pay cash, and they have to ask, Vascenkova says.Craig says he only offers the discount on services, not on hardware or software sales because those items tend to give him less room to negotiate.CD, p*R where, cD the cash discount, P the price, and, r the discount rate expressed as a decimal.Gas stations, only about 5 percent to 10 percent of the 115,000 independent gas stations nationwide offer cash discounts, says Jeff Lenard, spokesman for the Alexandria,.-based National Association of Convenience Stores, a trade group representing gas station and convenience store owners.
However, if the item is mostly gold, the discount will likely be less 5 percent or 10 percent, she warns.An informal survey of restaurants around the country found 10 percent is the norm for cash discounts, but a few eateries took as much as 15 percent off the bill.Select a subject to preview related courses: To unlock this lesson you must be a m Member.Examples, let's take a look at some examples of cash discounts: You just purchased a computer for 1,250.However, of the more than 20 upscale restaurants that participated in the survey, none said they were offering a cash discount.A short quiz follows the lesson.But even 5 percent can add up on a service bill.Start a free trial, list of project runway junior episodes no obligation, cancel anytime.
Its also the preferred method of payment for a wide range of businesses that offer a discount to their customers who pay cash.
While it is used in consumer transactions, it shows up with much greater frequency in commercial transactions.
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