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1 . 2 Use the information provided below to calculate the cost ( as a percentage to two decimal places ) ( 4 marks )

1.2 Use the information provided below to calculate the cost (as a percentage to two decimal places)
(4 marks) to Glencoe Stores of forfeiting the discount.
INFORMATION
The credit terms of Marburg Wholesalers to Glencoe Stores are 30 days but the supplier is prepared to allow a rebate of 2.5% if Glencoe Stores pays the account within 12 days.
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