Question: 1.4 Use the information given below to determine the cost (as a percentage, expressed to two decima places) to Montclair Traders of not accepting the

1.4 Use the information given below to determine the cost (as a percentage, expressed to two decima

places) to Montclair Traders of not accepting the discount. marks)

INFORMATION Protec Wholesalers usual credit terms to Montclair Traders are 30 days but the supplier is prepared to allow a discount of R114 if the account of R3 800 is settled within 12 days.

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