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The term ‘5 Net 7’ on an invoice means that?

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Commerce JAMB 1999

The term ‘5 Net 7’ on an invoice means that?

  • 5% discount will be allowed on the price charged if payment is made within seven days checkmark
  • 5% discount will be allowed on the price charged if payment is made after seven days
  • 5% surcharge will be made unless payment is made within seven days
  • 5% dicount will be allowed on the charged if the goods are bought within seven days

The correct answer is: A

Explanation

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