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Question One 1.1 INFORMATION (4 marks) Sharapova Wholesalers offers Umhlanga Traders credit terms of 30 days but the wholesaler will allow a discount of 2%

Question One 1.1 INFORMATION (4 marks) Sharapova Wholesalers offers Umhlanga Traders credit terms of 30 days but the wholesaler will allow a discount of 2% if the account is settled in full within 12 days Use the information given above to determine the cost to Umhlanga Traders (as a percentage) of not accepting the discount.

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