Mavericks Cosmetics buys $4,300,511 of product (net of discounts) on terms of 10/10, net 60, ar currently pays on the 10th day and takes discounts. Mavericks plans to expand, and this will requ additional financing. If Mavericks decides to forego discounts, what would the effective percenta of its trade credit be, based on a 365-day year?

Mavericks Cosmetics buys $4,300,511 of product (net of discounts) on terms of 10/10, net 60 , an currently pays on the 10 th day and takes discounts. Mavericks plans to expand, and this will requ additional financing. If Mavericks decides to forego discounts, what would the effective percenta of its trade credit be, based on a 365 -day year