3/10, n60 implies 1. a 3% discount if paid in 60 days 2. a 3% discount if paid in 10 day 3. payment must be made by the 60th day
A) 1 and 2
B) 1 and 3
C) 2 and 3
D) 1, 2, and 3

Question

3/10, n60 implies 1. a 3% discount if paid in 60 days 2. a 3% discount if paid in 10 day 3. payment must be made by the 60th day​
A) 1 and 2​
B) ​1 and 3
C) ​2 and 3
D) ​1, 2, and 3

Quizplus · Accepted Answer

The notation "3/10, n60" means that a 3% discount is available if the invoice is paid within 10 days; otherwise, the net (full) amount is due within 60 days. This means option 2 (a 3% discount if paid in 10 days) and option 3 (payment must be made by the 60th day) are correct.

3/10, N60 Implies 1