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REQUIRED Study the information given below and calculate the cost (as a percentage, expressed to two decimal places) to Oudtshoorn Stores of not accepting the

REQUIRED

Study the information given below and calculate the cost (as a percentage, expressed to two

decimal places) to Oudtshoorn Stores of not accepting the discount. (4 marks)

INFORMATION image text in transcribed

Jimbo Wholesalers' credit terms to Oudtshoorn Stores are 60 days but the supplier is prepared to allow a 2.5% rebate if Oudtshoorn Stores pays the account within 12 days

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