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The term 4 net 7 on an invoice means that?

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Commerce JAMB 2004

The term 4 net 7 on an invoice means that?

  • 4% surcharge will be made unless payment iss made within seven days
  • 4% discount will be allowed on the price charged only if the goods are bought within seven days
  • 4% discount will be allowed on the price charged only if payment is made after seven days
  • 4% discount will be allowed on the price charge if payment is made within seven days checkmark

The correct answer is: D

Explanation

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