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Posted on Sep 04, 2024

Bob's Furniture offers Spaza Traders credit terms of 30 days but the wholesaler will allow a discount of 2% if the account is settled in

Bob's Furniture offers Spaza Traders credit terms of 30 days but the wholesaler will allow a discount of 2% if the account is settled in full within 12 days

Use the information given above to determine the cost to Umhlanga Traders (as a percentage) of not accepting the discount.

Using 365 days

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