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If a retailers term of trade are 310 net 45 with supplier what is the cost on an annual basis of not taking the discount Assume a 360 day year

If a retailer’s term of trade are 3/10, net 45 with supplier, what is the cost on an annual basis of not taking the discount? Assume a 360-day year.
A. 24.00% C. 24.74%
B. 37.11% D. 31.81%

Jun 20 2021 View more View Less

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