The term ‘5 Net 7’ on an invoice means that?
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- A 5% discount will be allowed on the price charged if payment is made within seven days
- B 5% discount will be allowed on the price charged if payment is made after seven days
- C 5% surcharge will be made unless payment is made within seven days
- D 5% dicount will be allowed on the charged if the goods are bought within seven days
Correct Answer: Option A
Explanation:
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