If an invoice shows a total of $3,500 with terms 3/15, n/30, the customer may pay $3,395 within 30 days to satisfy the bill.

Name: If an invoice shows a total of $3,500 with terms 3/15, n/30, the customer may pay $3,395 within 30 days to satisfy the bill.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The terms 3/15, n/30 mean the customer can take a 3% discount if the invoice is paid within 15 days; otherwise, the net amount is due within 30 days, without any discount.

If an Invoice Shows a Total of $3,500 with Terms