Whenaselleroffersacashdiscountwithtermsof3/10,n/60,thismeans

Whenaselleroffersacashdiscountwithtermsof3/10,n/60,thismeans:

A) the buyer gets adiscount of 10 percent if the bill is paid within 3 days; otherwise theentire amount is due in 60 days.
B) payment is due in 10 days, or else there is a 3 percent late-paymentpenalty.
C) payment is due in 60 days, or else there is a 3percent late-paymentpenalty.
D) the buyer gets adiscount of 3 percent if the billis paid within 10 days; otherwise the entire amount is due in 60days.
E) if the buyer pays within 60 days, there is a 3 percent discount; beyond that is a10-day grace period before there is apenalty.

Correct Answer:

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