A Cash Discount Is Quoted to a Retailer as 3/10,net

A cash discount is quoted to a retailer as 3/10,net 60.This means that:

A) a discount of 3 percent can be earned if paid off in 10 installments over the next 60 days.
B) the retailer will get a 10 percent discount if the total is paid in 60 days.
C) a 3 percent discount will be granted to the retailer if the bill is paid in 10 days.
D) the bill is due in 60 days, but a discount of 3 percent to 10 percent can be earned for paying it off sooner.
E) the total bill must be paid within 10 days.