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An Offer of 3/10, Net 40 Means That the Selling

Question 12

True/False

An offer of 3/10, net 40 means that the selling company offers a 10 per cent discount if the buyer pays the full amount of the purchase in cash within 3 days of the invoice date. Otherwise, the buyer has 40 days to pay the balance in full from the date of delivery.

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