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What Is the Percentage Cost of Foregoing the Payable Discounts

Question 27

Multiple Choice

What is the percentage cost of foregoing the payable discounts when the terms are 3/15 net 60 (rounded to the nearest whole percentage point) ?


A) 18%
B) 25%
C) 37%
D) There is not enough information provided to answer this question.

Correct Answer:

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