What does a 45 percent off sale on private online sales sites like HauteLook really mean? Is it as good a deal as it appears?

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter21: Supply Chains And Working Capital Management
Section: Chapter Questions
Problem 8P: If a firm buys on terms of 3/15, net 45, but actually pays on the 20th day and still takes the...
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What does a 45 percent off sale on private online sales sites like HauteLook really mean?
Is it as good a deal as it appears?

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