A Wholesaler Has Been Offering His Customers Payment Terms of 3/10

question 221

Multiple Choice

A wholesaler has been offering his customers payment terms of 3/10, net 60. He wants to tighten his terms because interest rates have gone up. He could change his terms to:

• A) 3/10, net 90.
• B) 3/20, net 60.
• C) 4/10, net 60.
• D) 3/10, net 30.
• E) None of these is a good answer.