Monday 11 June 2012

Determine the effective annualized cost of foregoing the trade discount on terms 2/10 net 45,

Determine the effective annualized cost of foregoing the trade discount on terms 2/10 net 45, rounded to the nearest tenth of a percent.
a. 16.0%
b. 16.3%
c. 21.0%
d. 25.9%

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