Question: Express amount in rands 1 . 2 . 1 calculate the profit that super stores would make if the account is settled in 1 5

Express amount in rands
1.2.1 calculate the profit that super stores would make if the account is settled in 15 days time.
1.2.2 Should the customer fail to pay the amount due and the account is written off after 90 days , how much would be the loss to Super stores?
Information
Super stores intends selling a dishwasher on credit. The selliprice of the dishwasher is R7000. The dishwasher is priced at cost plus 40%. Credit terms of 4/15 net days were agreed upon. The cost of capital is 18%.

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