Suppose you purchase goods on terms of 2/10, net 30 . Taking compounding into account, what annual rate of interest is implied by the cash discount(\%)? (Assume a year has 365 days.) Answer: Question 5 Not yet answered Marked out of 1.00 Flag question Austin's Bookstore sells marketing textbooks for $150 each. Normal annual sales is 28,000 textbooks, generating $600,000 of profits on sales. The degree of operating leverage is 3.5. What will profits be if sales were 27,000