Goods worth $300 are sold on account for terms 2.5/8, net 30. the cost of foregoing the cash discount in this instance would be

A 38%

B 43%

C 62%

D 40%

2 ) A company has 10m issued ordinary shares and pays a dividend of 12 cents per share. if the company after tax profit was $2m, its retention rate was

A 40%

B 60%

C 6%

D 4%