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When credit terms of 1/15, n/60 are offered, how long is the discount period? a) 1 day. b) 15 days. c) 45 days. d) 60 days.

When credit terms of 1/15, n/60 are offered, how long is the discount period? a) 1 day. b) 15 days. c) 45 days. d) 60 days.
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When credit terms of 1/15, n/60 are offered, how long is the discount period? a) 1 day. b) 15 days. c) 45 days. d) 60 days.

asked
User Andyz Smith
by
8.3k points

1 Answer

4 votes

b) 15 days

it means 1% discount if paid within 15 days

answered
User YMonnier
by
7.5k points
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