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

question 276

Multiple Choice

The terms of an invoice are 3/10,n/25.This means that a ________ of the invoice date.

• A) discount of 10 percent is allowed if the invoice is paid within three days after the invoice date
• B) discount of 3 percent is allowed if the invoice is paid within 10 days after the invoice date
• C) discount of 25 percent is allowed if the invoice is paid within 10 days after the invoice date
• D) discount of 3 percent is allowed if the invoice is paid after 25 days after the invoice date