QUESTION 3 Answer the questions from the information provided. 3.1 Answer the following questions from the information provided below: 3.1.1 Calculate the profit that Leo Traders would make if the account is settled within 10 days. (5 marks) 3.1.2 Should the customer fail to pay the amount due and the account is written off after 60 days, what would be the loss to Leo Traders? (3 marks) INFORMATION Leo Traders intends selling an oven on credit. The selling price of the oven is R12 000. The oven is priced at cost plus 50%. Credit terms of 2/10 net 60 were agreed upon. The cost of capital is 15%