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Use the information provided below to determine the cost of not accepting a discount to...

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Accounting

Use the information provided below to determine the cost of not accepting a discount to Marions Traders.

N.B. The answer must be expressed as a percentage rounded to two decimal places.

Max Producers granted a credit term of 60 days to Marions Traders but the manufacturer is prepared to allow a rebate of 2,5% if Marions Traders pays within 12 days.

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