You place an order for 750 units of Good Y at a unit price of $32. The supplier offers terms of 1/15, net 45. The supplier is offering you a discount of _____ if you pay within ____ days.

Question

Quizplus · Accepted Answer

The supplier is offering terms of 1/15, net 45 which means you can take a 1% discount if you pay within 15 days, otherwise you need to pay the full amount within 45 days.

1% of the total cost of 750 units at $32 per unit would be:
(750 x $32) x 1% = $240

Therefore, if you pay within 15 days, you can get a discount of $240.

You Place an Order for 750 Units of Good Y