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JAMB - Commerce (2004 - No. 41)

The term 4 net 7 on an invoice means that?
4% surcharge will be made unless payment iss made within seven days
4% discount will be allowed on the price charged only if the goods are bought within seven days
4% discount will be allowed on the price charged only if payment is made after seven days
4% discount will be allowed on the price charge if payment is made within seven days

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