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You place an order for 1,400 units of Good X at a unit price of $51
You place an order for 1,400 units of Good X at a unit price of $51. The supplier offers terms of 3/20, net 45.
How quickly must you pay to get the discount?
Expert Solution
The discount period is 20 days. So, you must pay within 20 days to get the discount.
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