Supplier offers trade credit terms

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Reference no: EM131011115

Mr. Hugh Warner is a very cautious businessman. His supplier offers trade credit terms of /15,net85. Mr. Warner never takes the discount offered, but he pays his suppliers in 75 days rather than the 85 days allowed so he is sure the payments are never late, what is Mr. Warner's cost of not taking the case discount?

Reference no: EM131011115

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