Your company has been offered credit terms on its purchases of 4/30,net 90.What will be the approximate cost of trade credit if your company pays on the 35th day after receiving the invoice?
A) 30%
B) 300%
C) 3%
D) 87%
E) 156%

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The Answer of Your company has been offered credit terms on its purchases of 4/30,net 90.What will be the approximate cost of trade credit if your company pays on the 35th day after receiving the invoice?
A) 30%
B) 300%
C) 3%
D) 87%
E) 156%

Your Company Has Been Offered Credit Terms on Its Purchases