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...


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.



May 04, 2022
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