Book depot inc sells on terms of 115 net 70 what is the, Financial Management

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Book depot inc sells on terms of 115 net 70 what is the

Book Depot Inc. sells on terms of 1/15, net 70. What is the implicit cost of trade credit under these terms? Use a 365-day year.

Round the answer to two decimal places in percentage form. (Write the percentage sign in the "units" box)

Please explain the formula and it there is a easier way to do this on excel.

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Financial Management: Book depot inc sells on terms of 115 net 70 what is the

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Financial Management: Book depot inc sells on terms of 115 net 70 what is the

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