A company is offering a discount with terms 3/15 net 40.What is the discount rate associated with this offer?
A) 3%
B) 15%
C) 40%
D) 20%
E) 5%

Name: A company is offering a discount with terms 3/15 net 40.What is the discount rate associated with this offer? A) 3% B) 15% C) 40% D) 20% E) 5%
Brand: Quizplus
Rating: 4.7 (36 reviews)

Question

Quizplus · Accepted Answer

2/10 net 30 means a 2% discount will be available if the customer pays in 10 days, otherwise the full bill will be due in 30 days.

A Company Is Offering a Discount with Terms 3/15 Net