Determine the percent cost of the trade credit

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Stone's Stones and Rocks buys on terms of 2/10, net 30 from its suppliers. If it pays on the 8th day, taking the discount, what is the percent cost of the trade credit that it receives

Reference no: EM1351399

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Determine the percent cost of the trade credit : Stone's Stones and Rocks buys on terms of 2/10, net thirty from its suppliers. If it pays on the eight day, taking the discount, determine the percent cost of the trade credit that it receives.

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