Baker Corp sold merchandise to a customer on credit. The invoice amount was $1,000; the invoice date was June 10; credit terms were 1/10, n/30 . Which one of the following statements is true?

a. The customer can take a $10 discount if the invoice is paid on June 30.
b. The customer should pay $1,000 if the invoice is paid on July 9.
c. The customer must pay a $10 penalty if payment is made after July 9.
d. The customer must pay $1,010 if payment is made after June 20.


b

Business

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