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

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