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If the terms of credit are 1/10 net 40, what will be the implicit cost of trade credit?

If the terms of credit are 1/10 net 40, what will be the implicit cost of trade credit?

If the terms of credit are 1/10 net 40, what will be the implicit cost of trade credit?
(Assume 360 days in a year)


[A]11.11 percent
[B]12.12 percent
[C]13.13 percent
[D]14.14 percent

Roshan kumar 01-Jan-2018

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