Remit to take the discount


You place an order for 100 units of inventory Part A at a unit price of $522. The supplier offers terms of 3/25, net 40. How much should you remit if you take the discount?

a) $52,200

b) $50,634

c) $51,678

d) None of the above

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Accounting Basics: Remit to take the discount
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