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Calculate the cost on an annual basis

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Reference no: EM133080763

Question - A firm normally gives 35 days credit to its customers. It is considering a 3% discount for payment on the 10th day of invoice. Calculate the cost on an annual basis and select the correct answer

a. 56%

b. 42.22%

c. 76%

d. 66%

Reference no: EM133080763

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