A buyer who acquires merchandise under credit terms of 1/10, n/30 has 10 days after the invoice date to take advantage of the cash discount.

Name: A buyer who acquires merchandise under credit terms of 1/10, n/30 has 10 days after the invoice date to take advantage of the cash discount.
Brand: Quizplus
Rating: 4.9 (49 reviews)

Question

Quizplus · Accepted Answer

The credit terms state a 1% discount can be taken if paid within 10 days, so the buyer has 10 days to take advantage of the discount. The full payment is due within 30 days.

A Buyer Who Acquires Merchandise Under Credit Terms of 1/10