$1\mathrm{.}3$

REQUIRED

Study the information given below and calculate the cost $($as a percentage, expressed to two decimal places$)$ to Oudtshoorn Stores of not accepting the discount.

$(4$ marks$)$

INFORMATION

Jimbo Wholesalers$$ credit terms to Oudtshoorn Stores are $60$ days but the supplier is prepared to allow a $2\mathrm{.}5\%$ rebate if Oudtshoorn Stores pays the account within $12$ days.