The terms on an invoice are 3/10,n/25.This means that a:
A)discount of 3% is allowed if the invoice is paid in 10 days.
B)discount of 10% is allowed if the invoice is paid in three days.
C)discount of 25% is allowed if the invoice is paid in 10 days.
D)discount of 3% is allowed if the invoice is paid after 25 days.

Question

Quizplus · Accepted Answer

The terms on the invoice state that a discount of 3% is allowed if the invoice is paid within 10 days. The "n" in the second part of the terms means that the full amount is due within 25 days, but no additional discount is given. Therefore, choice A is the correct answer.

The Terms on an Invoice Are 3/10,n/25