A Cash Discount of 3/15,net 30 Means That the Buyer

A cash discount of 3/15,net 30 means that the buyer

A) gets a 15 percent discount off the face value of the invoice if the invoice is paid within 3 days.
B) gets a 3 percent discount off the face value of the invoice if the invoice is paid within 15 days.
C) makes a 3 percent down payment on the face value of the invoice within 15 days,with the remainder due in 30 days.
D) gets a 3/15 (20 percent) discount if the invoice is paid within 30 days.
E) None of these answers is correct.