Question

Secret Sneaker will give anyone $10 for an old pair of sneakers, regardless of condition, when that person purchases a new pair of sneakers. The end result is essentially reducing the price of the new sneakers by $10. What is this type of price adjustment called

Answer 1

trade in allowance

Step-by-step explanation:

In simple words, Allowance for Trading in. The percentage through which the dealer lowers a property's or products sale price in exchange for buyer's cash. The bonus is the percentage the dealer must minimise the new productds expense as a consequence of swapping into your old one. It is like a refund from the selling of your old automobile, which is used to buy your current one.