Tangshan Mining has extended credit terms of 3/15 net 30 EOM. The cost
Tangshan Mining has extended credit terms of 3/15 net 30 EOM. The cost of giving up the cash discount, assuming payment would be made on the last day of the credit period, would be ________.
A) 75.26%
B) 3.1%
C) 72.99%
D) 37.12%
ANSWER
A
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