Company A buys components from Company B on credit terms of 2/10 net 35. In a subsequent deal, the former requests the latter to raise the discount percentage to 3 without any change in the credit period. Company B raises the discount to 3% and also changes the credit period, as a result of which the cost of not paying within the credit period rises three-fold. Find the new credit period.
Already registered? Login
Not Account? Sign up
Enter your email address to reset your password
Back to Login? Click here