If a customer pays within nine days of receiving goods and takes advantage of 3% off the invoice price; this is stated as?

By: |Published on: Dec 13|Categories: Commerce JAMB| 0 comments

A. 3/9;net 30
B. 9/27;net 30
C. 30;net 9/3
D. 9/30;net 3

Correct Answer:

Option D – 9/30;net 3

Explanation

9/30;net 3.
This means that, the buyer will get a 3% discount if payment is made on or before day 9

Users Also Read These:

SEE ALSO  The major components of modern retailing include?

Copyright warnings! Do not copy.