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Loyiso Ltd . s budgeted monthly sales are R 3 0 0 0 0 0 0 . Altogether 4 0 % of its customers pay

Loyiso Ltd.s budgeted monthly sales are R3000000. Altogether 40% of its customers pay in the first month and take the 2%. The remaining 60% pay in the following month of sale and do not receive a discount. Dimple Grocers Ltd.s bad debts are negligible and can be ignored. Purchases for the next months sales are constant each month at R1500000. Other payments for wages, rent and taxes are constant at R700000 per month. Using a single months cash budget, what will the cash gain/loss be during a typical month at this firm?

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