eBook Cost of Trade Credit Captain Whitman Ship Supplies offers terms of 2/15, net 40. Assume there are 365 days in a year. a. If a purchaser takes the discount and pays on the 10th day, what is the nominal cost of trade credit? Do not round intermediate calculations. Round your answer to two decimal places. % b. Now suppose a purchaser actually pays on the 20th day but still takes the discount. What is the actual nominal cost of the trade credit? Do not round intermediate calculations. Round your answer to two decimal places. %