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1.1 Determine the cost (as a percentage, expressed to two decimal places) to Trendy Traders of forfeiting the discount. INFORMATION (5 marks) Trendy Traders

1.1 Determine the cost (as a percentage, expressed to two decimal places) to Trendy Traders of forfeiting the discount. INFORMATION (5 marks) Trendy Traders purchased inventory on credit for R4 000. The supplier offered Trendy Traders the option to settle the account by paying R3 920 up to the 10th day after the sale or pay R4 000 by the end of 60 days after the sale.

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