An invoice dated April 22 shows a net price of $175 with the terms 3 / 10, n / 30. date the cash discount is allowed?

Question

Quizplus · Accepted Answer

The terms 3 / 10, n / 30 indicate that a 3% cash discount is allowed if payment is made within 10 days (from the invoice date), otherwise the full net price is due within 30 days. Counting 10 days from April 22, the cash discount is allowed until May 2. Therefore, the correct choice is C, May 2.

An Invoice Dated April 22 Shows a Net Price of $175