You place an order for 1300 units of Good X at a unit price of $50. The
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Question:
You place an order for 1300 units of Good X at a unit price of $50. The supplier offer terms of 2/10, net 35.
How long do you have to pay before the account is overdue?
If you take the full period, how much should you remit (Round to the nearest whole number)?
What is the discount being offered (Answer as a percent)?
If you do take the discount, how much should you remit (Round to the nearest whole number)?
If you don't take the discount, how much interest are you paying implicitly (Round to the nearest whole number)?
How many day's credit are you receiving (Round to the nearest whole number)?
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