If the terms of sale are 1/10, n/30, the buyer has thirty days after the date of the invoice to take advantage of a 1 percent cash discount.

Name: If the terms of sale are 1/10, n/30, the buyer has thirty days after the date of the invoice to take advantage of a 1 percent cash discount.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The terms 1/10, n/30 mean the buyer can take a 1 percent discount if payment is made within 10 days; otherwise, the net (full) amount is due within 30 days.

If the Terms of Sale Are 1/10, N/30, the Buyer