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5.3 Calculate the cost (as a percentage) to Redd Stores of forgoing the discount. (5 marks) INFORMATION Metro Wholesalers' credit terms to Redd Stores are

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5.3 Calculate the cost (as a percentage) to Redd Stores of forgoing the discount. (5 marks) INFORMATION Metro Wholesalers' credit terms to Redd Stores are 30 days but the wholesaler is prepared to allow a rebate if Redd Stores pays the account within 10 days. Redd Stores owed Metro Wholesalers R5 000 but was offered to settle the account by paying R4 875 within the discount period

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