When the book salesperson told the bookstore manager, "3/15 net 60," the manager knew that he was receiving a ________ discount.
A) trade
B) cash
C) noncumulative quantity
D) consumer
E) cumulative quantity

Question

Quizplus · Accepted Answer

The term "3/15 net 60" refers to a cash discount where the buyer can take a 3% discount if they pay within 15 days; otherwise, the net amount is due in 60 days.

When the Book Salesperson Told the Bookstore Manager, "3/15 Net