A firm buys $3,030,303 gross on terms of 1/10, net 40. What is the nominal cost of trade credit? Please round to nearest

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answerhappygod
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A firm buys $3,030,303 gross on terms of 1/10, net 40. What is the nominal cost of trade credit? Please round to nearest

Post by answerhappygod »

A firm buys $3,030,303 gross on terms of 1/10, net 40. What is
the nominal cost of trade credit? Please round to nearest
decimal places.
12.12%
12.16%
none of the above
12.00%
12.29%
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