Jake's Auto Repair Receives an Invoice for Some Equipment He

Multiple Choice

Jake's Auto Repair receives an invoice for some equipment he purchased on credit. The full face value of the invoice is to be paid within 60 days. However, if it is paid within 10 days, Jake can take a 6 percent discount off the face value of the invoice. Which of the following notations accurately represents the conditions described above?

A) 24/7, net 6
B) 10/60, net 6
C) 6/10, net 60
D) 60/6, net 3
E) 10/6, net 60