The cost of giving up a cash discount under the terms of sale 1/10 net

The cost of giving up a cash discount under the terms of sale 1/10 net 60 (assume a 360-day year) is ________.

A) 7.3 percent
B) 6.1 percent
C) 14.7 percent
D) 12.2 percent

 

 

ANSWER

A

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