If the terms of an invoice dated April 10 are 3/10, n/30, the invoice must be paid on or before April 20 in order to be entitled to a discount.

Name: If the terms of an invoice dated April 10 are 3/10, n/30, the invoice must be paid on or before April 20 in order to be entitled to a discount.
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Question

Quizplus · Accepted Answer

The terms 3/10, n/30 mean that a 3% discount can be taken if the invoice is paid within 10 days (by April 20), otherwise the full amount is due within 30 days (by May 10).

If the Terms of an Invoice Dated April 10 Are