Ransco Corporation buys on terms of 2/10, net 30 but pays on Day 12 and still takes the discount. What is the APR of Ransco’s nonfree trade credit?

Ransco Corporation buys on terms of 2/10, net 30 but pays on Day 12 and still takes the discount. What is the APR of Ransco’s nonfree trade credit?

Ransco Corporation buys on terms of 2/10, net 30 but pays on Day 12 and still takes the discount. What is the APR of Ransco’s nonfree trade credit?
Ransco Corporation buys on terms of 2/10, net 30 but pays on Day 12 and still takes the discount. What is the APR of Ransco’s nonfree trade credit?

 

READ ALSO :   Lisa Assignment 5