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JAMB Commerce 2015 Paper

Question : 44

Total: 50

The term 4 net 7 on an invoice means that

4% surcharge will be made unless payment is made within seven days
4% discount will be allowed on the price charged only if the good are bought within seven days
4% discount will be allowed on the price charge if payment is made after seven days
4% discount will be allowed on the price charged if payment is made price charged if payment is made price charged if payment is made within seven days.

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