Which of the following credit terms allows a discount of 3% if payment is made within 15 days of the invoice;otherwise,the total amount of the invoice must be paid within 30 days from the date of the invoice?

Question

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The credit terms offered in option C, 3/15, n/30, allow a 3% discount if the payment is made within 15 days of the invoice but requires the full payment within 30 days of the invoice date. This credit term is commonly used in business transactions to incentivize prompt payment while still allowing a reasonable amount of time to pay the full amount. The other options given do not have the same payment conditions as described in the question.

Which of the Following Credit Terms Allows a Discount of 3