Worth of inventory-annual percentage rate

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On April 14, Brewster's purchased $9,800 worth of inventory. The terms of sale were 2/10, net 30. The implicit interest charged if they do not pay the discounted price is ________ and the Annual Percentage Rate (APR) is _____ percent.

Reference no: EM13872375

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Worth of inventory-annual percentage rate : On April 14, Brewster's purchased $9,800 worth of inventory. The terms of sale were 2/10, net 30. The implicit interest charged if they do not pay the discounted price is ________ and the Annual Percentage Rate (APR) is _____ percent.

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