Mathematics, 17.02.2020 01:37, UnusualKc2358

A retailer has an account for 20000 from a manufacturer who gives 2 months credit but offer cash discount of 5 % prompt payment the retailer borrows 20000 from his bank at 9% per annul for 2 months and pays promptly to secure the cash discount how much does he gain by this transaction.

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A retailer has an account for 20000 from a manufacturer who gives 2 months credit but offer cash dis...