A manufacturer offers 3 / 10,net 30,terms to a wholesaler for a recent purchase.Under these terms,the wholesaler may deduct ________ per cent if the bill is paid within ________ days.
A)10;30
B)10;3
C)3;30
D)3;10
E)7;10

Question

Quizplus · Accepted Answer

The terms "3 / 10, net 30" mean that the wholesaler can deduct 3 percent if the bill is paid within 10 days; otherwise, the full amount is due in 30 days.

A Manufacturer Offers 3 / 10,net 30,terms to a Wholesaler