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What is the cost of not taking the discount on trade credit of 2 20 NET 60?
Wiki User
∙ 11y ago
Here's how to work:
2% / (100% - 2%) * 360 / (60-20)
= 0.02 / 0.98 * 360/40
= 0.02041 * 9
= 18.367%
The answer is 18.367%.
Wiki User
∙ 11y ago
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What is the discount when 10 percent is given on a cost price of 500?
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