Problem 8-1 Cash discount decision [LO8-1]

Compute the cost of not taking the following cash discounts. (Use a 360-day year. Do not round intermediate calculations. Input your final answers as a percent rounded to 2 decimal places.)

Problem Compute the cost of not taking the following cash discounts: a. 2/10, net 40 b. 2/15, net 30. c. 2/10, net 45. d. 3/10, net 90