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 3 percent.
B) he will get a 3 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" means that the store owner will get a 3 percent discount if they pay the bill within 10 days (by October 28). However, if they pay after that but still within the month (by November 2, the end of the month), they will not receive any discount. Therefore, the store owner will get a 3 percent discount if they pay on November 2.

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