A cash discount of 1/15, n/30 included in the credit terms of a sale indicates that the buyer should make payment:
A) within 15 days to avail the discount of 1%.
B) after 30 days to avail the discount of 2%.
C) within 15 days to avail the discount of 2%.
D) after 30 days to avail the discount of 1%.
Correct Answer:
Verified
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