A range discount is a type of pricing strategy where a seller offers a discounted price for a group of products or services within a specific range. This range can include a variety of items, such as different sizes, colors, or styles, that fall within a certain price bracket. The purpose of a range discount is to incentivize customers to purchase multiple items at a lower overall cost, rather than just one item at a higher price. This can be beneficial for both the seller and the buyer, as it allows for increased sales and savings for the customer. Range discounts are commonly used in retail, but can also be applied in other industries such as hospitality and travel.