JAMB - Commerce (1999 - No. 14)
The term ‘5 Net 7’ on an invoice means that?
5% discount will be allowed on the price charged if payment is made within seven days
5% discount will be allowed on the price charged if payment is made after seven days
5% surcharge will be made unless payment is made within seven days
5% dicount will be allowed on the charged if the goods are bought within seven days