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

Question

Quizplus · Accepted Answer

The terms 3/10, n/25 mean a 3% discount is allowed if the invoice is paid within 10 days, and the net amount is due within 25 days.

The Terms of an Invoice Are 3/10, N/25