Compute the cost of not taking the following trade discounts: (Use 365 days in a year....

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Finance

Compute the cost of not taking the following trade discounts:(Use 365 days in a year. Round the intermediatecalculations to 4 decimal places. Round the final answer to 2decimal places.)
a. 2/13, net 50.
Cost of lost discountÂ Â Â Â Â Â Â Â Â Â Â %
b. 2/20, net 50.
Cost of lost discountÂ Â Â Â Â Â Â Â Â Â Â Â %
c. 3/18, net 65.
Â Â
Cost of lost discountÂ Â Â Â Â Â Â Â Â Â Â %
d. 3/18, net 150.
Â Â
Cost of lost discountÂ Â Â Â Â Â Â Â Â Â Â %

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Solution a 213 net 50 The formula for calculating the cost of not taking the trade discount is Discount 100 Discount 365 Days allowed for payment Discount period As per the information given in the question we have Discount 2 Discount period 13 Days allowed for payment 50 days Applying the above values in the formula we have 2 100 2 365 50 13 2 98 365 37 0020408 9864865 0201324 0201324 100 201324 2013 when See Answer

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