-When credit terms for a sale are 2/15, n/40, the customer saves by paying the bill early. Approximately what percent would this savings amount to on an annual basis?
A) 18%.
B) 20%.
C) 30%.
D) 37%.

Name: -When credit terms for a sale are 2/15, n/40, the customer saves by paying the bill early. Approximately what percent would this savings amount to on an annual basis? A) 18%. B) 20%. C) 30%. D) 37%.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Calculation: [($2 ÷ $98) ÷ 25 days] × 365 days = .30.

-When Credit Terms for a Sale Are 2/15, N/40, the Customer