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Pets Store Inc. sells on terms of 3/10, net 90. What is the effective annual cost of trade credit under these terms? Use a 365-day

Pets Store Inc. sells on terms of 3/10, net 90. What is the effective annual cost of trade credit under these terms? Use a 365-day year.

Round the answer to two decimal places in percentage form. (Write the percentage sign in the "units" box)

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