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Y Inc. purchases materials on credit with a 2/10, n/30 term. If Y Inc. does not pay during the discount period, what is the cost

Y Inc. purchases materials on credit with a 2/10, n/30 term. If Y Inc. does not pay during the discount period, what is the cost of discount foregone?

a. 33.67%

b. 67.33%

c. 36.73%

d. 73.36%

provide sol.

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