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How long does mr z have to pay before account is overdue

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Problem 1: Mr. Z placed an order for 400 units of inventory at a unit price of P125. Miss X, the supplier, offers terms of 1/10, net 30. How long does Mr. Z have to pay before the account is overdue? If he takes the full period, how much should he remit?

Option 1: 30 days, P 50,000
Option 2: 10 days P 49,000
Option 3: 20 days, P 50,000
Option 4: 10 days P 50,000

Reference no: EM132759910

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