What should customers submit to the creditor if they want to take the discount on an invoice for $300 dated April 1 with terms of 3/10 net 30?
A) $285 by April 15
B) $291 by April 10
C) $297 by April 30
D) $300 by April 12

Question

Quizplus · Accepted Answer

The terms 3/10 net 30 mean the customer can take a 3% discount if they pay within 10 days. 3% of $300 is $9, so the customer should pay $291 ($300 - $9) by April 10 to take advantage of the discount.

What Should Customers Submit to the Creditor If They Want