The terms 3/10, net 30 offer
A) a 3 percent discount on purchases paid for within 30 days.
B) a 30 percent discount on purchases paid for within 30 days.
C) a 3 percent discount on purchases paid for within 10 days.
D) a 30 percent discount on purchases paid for within 10 days.

Question

Quizplus · Accepted Answer

The term "3/10, net 30" means a 3% discount is available if the invoice is paid within 10 days; otherwise, the full amount is due in 30 days.

The Terms 3/10, Net 30 Offer