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Which of the following describes cellular respiration?
3/10 Net 30
A payment term indicating that a buyer can deduct 3% of the invoice amount if payment is made within 10 days; otherwise, the full amount is due within 30 days.
Invoice
A document issued by a seller to a buyer, detailing products or services provided, prices, and payment terms.
Markup
The amount added to the cost price of goods to cover overhead and profit, expressed as a percentage of the cost.
Gross Profit
The financial gain obtained after subtracting the cost of goods sold from the total revenue.
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