A toy store buys Wiis from Nintendo with an invoice date of April 14. The terms of sale are 3/10 ROG. What is the net date if the shipment arrives June 12?

Name: A toy store buys Wiis from Nintendo with an invoice date of April 14. The terms of sale are 3/10 ROG. What is the net date if the shipment arrives June 12?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The terms 3/10 ROG mean a 3% discount is available if paid within 10 days of receipt of goods. The net date is 30 days after the receipt of goods, which is June 12 + 30 days = July 12.

A Toy Store Buys Wiis from Nintendo with an Invoice