A $1,200 Invoice Dated January 1 Has Credit Terms of 3/10

question 117

Multiple Choice

A $1,200 invoice dated January 1 has credit terms of 3/10, net 30. What amount will the purchaser have to pay on January 4 to have the invoice paid in full at that time?

• A) $1,164
• B) $1,080
• C) $900
• D)$1,200

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