P15–2 Cost of giving up cash discounts Determine the cost of giving up the cash discount under each of the following terms of sale. (Note: Assume a 365-day year.)

a. 2/10 net 30

b. 1/10 net 30

c. 1/10 net 45

d. 3/10 net 90

e. 1/10 net 60

f. 3/10 net 30 g. 4/10 net 180