O-LevelCommerceFinance7100/12 · Oct/Nov 2012 · Q141 Mark
"2.5% 1 month" is printed on an invoice totalling $100. What does this mean?
A$2.50 is paid each month.
B$2.50 was underpaid last month.
C$97.50 is paid if the invoice is settled within one month.
D$102.50 is paid if the invoice is settled within one month.
✓ Correct answer
C: $97.50 is paid if the invoice is settled within one month.
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