Question

If you buy a single ticket to one performance of the philharmonic pops​ series, you'll pay​ $69. however, if you buy tickets to the entire​ series, tickets only cost​ $52. this is an example of​ _______.

Answer 1

This is an example of a cumulative quantity discount.

A cumulative quantity discount is a reduction in the price based on the number of goods bought over a fix period of time. This type of discount bound the customer to the seller; if the client wants the discount, they have to buy the amount over a period of time specified by the seller.