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JAMB Commerce 2012 Objective — Question 12

Question 12 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2012 Objective paper, with the correct answer and a full explanation.

If a customer pays within nine days of receiving goods and takes advantage of 3% off the invoice price, this is stated as

A. 3/9; net 30Correct
B. 9/27; net 30
C. 30; net 9/3D
D. 9/30; net 3

Explanation

3 net 30 means 3% off if money paid within 9 days of 30days in the month.

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