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A buyer of $7,500 in merchandise inventory failed to take advantage of the vendor's credit terms of 3/15, n/45, and instead paid the invoice in

A buyer of $7,500 in merchandise inventory failed to take advantage of the vendor's credit terms of 3/15, n/45, and instead paid the invoice in full at the end of 45 days. By not taking advantage of the cash discount, the buyer lost the discount of ?

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The credit terms of 315 n45 mean that the buyer can take a cash discount of 3 if they pay the ... blur-text-image

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