The owner of a pet store ordered $200 worth of bird feed from Cadmia Avicultural Research Inc.The invoice dated October 18 that was sent to the store owner mentioned "3/10,EOM." This detail indicates that if the store owner pays the bill on November 2,:
A) the price will increase by three percent.
B) he will get a three percent discount.
C) he will get a 10 percent discount.
D) the price will be tripled.
E) he will get no discount.

Question

Quizplus · Accepted Answer

"3/10, EOM" refers to a discount of 3% if the invoice is paid within 10 days of the end of the month. In this case, if the store owner pays by November 2, they will qualify for the 3% discount.

The Owner of a Pet Store Ordered $200 Worth of Bird