Victoria Nursery offers customers credit terms of 3/15 net 30.This gives customers a:
A)three percent discount if they pay in fifteen days.
B)fifteen percent discount if they pay in three days.
C)fifteen percent discount if they pay in thirty days.
D)three percent discount if they pay in thirty days.

Question

Quizplus · Accepted Answer

The credit terms of 3/15 net 30 mean that customers can receive a 3% discount if they pay within 15 days, but the full amount is due within 30 days. Therefore, the best choice is option A.

Victoria Nursery Offers Customers Credit Terms of 3/15 Net 30