The term 4 net 7 on an invoice means that - JAMB Commerce 2015 Question
The term 4 net 7 on an invoice means that
A
4% surcharge will be made unless payment is made within seven days
B
4% discount will be allowed on the price charged only if the good are bought within seven days
C
4% discount will be allowed on the price charge if payment is made after seven days
D
4% discount will be allowed on the price charged if payment is made price charged if payment is made price charged if payment is made within seven days.
correct option: d
the discount is allowed to encourage seller prompt payment for the goods bought by the buyer.
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