Question: hello i need help answering this question JJ Ltd buys raw material from Tan-supplies on terms of 3/10, net 30. What is the effective annual

hello i need help answering this question

JJ Ltd buys raw material from Tan-supplies on terms of 3/10, net 30.

What is the effective annual cost to JJ Ltd if it chooses not to take advantage of the trade discount offered and stretches the accounts payable to 30 days?

Give your answer in percentage terms. Do not include commas, spaces or % in your answer. Round answer to two decimal places.

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