Book Depot Inc. sells on terms of 1/15, net 45. What is the implicit cost of trade

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Book Depot Inc. sells on terms of 1/15, net 45. What is the implicit cost of trade credit under these terms? Use a 365-day year.

Round the answer to two decimal places in percentage.

Posted Date: May 18, 2024 07:15 PM

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Book Depot Inc. sells on terms of 1/15, net 45. What is the implicit cost of trade

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