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 Suge Traders.
N.B. The answer must be expressed as a percentage rounded to two decimal places.
Dax Producers granted a credit term of 60 days to Suge Traders but the manufacturer is prepared to allow a rebate of 2,5% if Suge Traders pays within 12 days.
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