If a buyer is offered the terms of sale of "3/10,net 30" this means that the buyer can receive a 10 percent discount by making full payment within 3 days of the billing date.

Name: If a buyer is offered the terms of sale of "3/10,net 30" this means that the buyer can receive a 10 percent discount by making full payment within 3 days of the billing date.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The terms "3/10, net 30" mean the buyer can receive a 3 percent discount if payment is made within 10 days, not a 10 percent discount within 3 days.

If a Buyer Is Offered the Terms of Sale of "3/10,net