Compute the cost of not taking the following cash discounts.
a. 2/10, net 40.
b. 2/15, net 30.
c. 2/10, net 45.
d. 3/10, net 90.
8-1. Solution:
a.Cost of not taking discount= ((x%)/(xx%))×(xxx/(xx-xx))=xx.xx%
b.Cost of not taking discount= ((x%)/(xx%))×(xxx/(xx-xx))=xx.xx%
c.Cost of not taking discount= ((x%)/(xx%))×(xxx/(xx-xx))=xx.xx%
d.Cost of not taking discount= ((x%)/(xx%))×(xxx/(xx-xx))=xx.xx%
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