Question

The terms of an invoice are 3/10, n/25. This means that a

Answer 1

see below

Step-by-step explanation:

This expression represents terms of credit as offered by a seller.

• The first digit 3, represents is the discount offered as a percentage of the invoice amount.
• The second digit 10, is the number of days the discount is available
• n stands for net
• The last digit 25, is the number of days within which the net is expected if the discount option is not taken.

This means that

A discount of 3 % is available on the total invoice if the buyer pays within 10 days from the invoice date. Otherwise, the full invoice amount should be paid within 25 days from the invoice date.