The term ‘5 Net 7’ on an invoice means that?

A. 5% discount will be allowed on the price charged if payment is made within seven days  
B. 5% discount will be allowed on the price charged if payment is made after seven days
C. 5% surcharge will be made unless payment is made within seven days
D. 5% dicount will be allowed on the charged if the goods are bought within seven days

Show Answer Show Explanation

Correct Answer: A