Damon Company sold merchandise to a customer on credit for $10,000 with credit terms of 1/10, n/30. The invoice was dated April 14.

Which one of the following statements is true?

	a.	The customer can take a $1,000 discount if the invoice is paid by May 13
	b.	The customer should pay $9,500 if the invoice is paid by April 24
	c.	The customer must pay $10,000 if paid after April 24
	d.	The customer must pay a $100 penalty if payment is made after May 13