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2.3 Use the information provided below to determine the cost (as a percentage, expressed to two decimal places) to Banda Stores of not accepting the

2.3 Use the information provided below to determine the cost (as a percentage, expressed to two

decimal places) to Banda Stores of not accepting the discount.

(4 marks)

Fego Manufacturers granted credit terms of 60 days to Banda Stores but the manufacturer is prepared to allow a rebate of 2 % if Banda Stores pays the account within 12 days.

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