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Homework answers / question archive / 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

Finance

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?

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The discount period is 20 days. So, you must pay within 20 days to get the discount.

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