Tangshan Mining was extended credit terms of 3/15 net 30 EOM. The cost of giving up the cash discount, assuming payment would be made on the last day of the credit period, would be
A) 75.26%.
B) 18.56%.
C) 72.99%.
D) 37.12%.

Question

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The Answer of Tangshan Mining was extended credit terms of 3/15 net 30 EOM. The cost of giving up the cash discount, assuming payment would be made on the last day of the credit period, would be
A) 75.26%.
B) 18.56%.
C) 72.99%.
D) 37.12%.

Tangshan Mining Was Extended Credit Terms of 3/15 Net 30