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

Question 96

Multiple Choice

The terms on an invoice are 3/10,n/25.This means that a:


A) discount of 3% is allowed if the invoice is paid in 10 days.
B) discount of 10% is allowed if the invoice is paid in three days.
C) discount of 25% is allowed if the invoice is paid in 10 days.
D) discount of 3% is allowed if the invoice is paid after 25 days.

Correct Answer:

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