Assume that you have been offered cash discounts on merchandisethat can be purch

Assume that you have been offered cash discounts on merchandisethat can be purchased from either of two suppliers. Supplier Aoffers trade credit terms of 3/20 net 70 while supplier B offers4/15 net 80. What is the approximate effective cost of missing thecash discouts from each supplier? If you could not take advantageof either cash discount offer which supplier would you select?