Mathematics, 15.02.2021 21:30 phancharamachasm

A retailer has an account for N20000 from a manufacturer who gives two months' credit,
but offers a cash discount of 5% for prompt
payment. The retailer borrows N20 000 from
his bank at 9% per annum for two months
and pays promptly to secure the cash
discount. How much does he gain by this
transaction?

Answers: 2

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A retailer has an account for N20000 from a manufacturer who gives two months' credit,
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