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Margo Co purchased inventory from a supplier and was given credit terms of 3/15, n/45. Margo should Ohold off paying the bill for 45 days,
Margo Co purchased inventory from a supplier and was given credit terms of 3/15, n/45. Margo should Ohold off paying the bill for 45 days, while investing the money at 15% annual interest during this time. A Opay the bill within 3 days and deduct 15% from the amount due. pay the bill within 45 days and deduct 3% from the amount due. pay the bill within 15 days and deduct 3% from the amount due.
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