Multiple Choice Question

Credit terms of $\frac{1}{10},$ net $30$ means.

The buyer will receive a $10\%$ discount if they pay within $30$ days.

The buyer will receive a $90\%$ discount if they pay within $1$ day.

The buyer will receive a $10\%$ discount if they pay within $10$ days of the date of the invoice.

The buyer will receive a $1\%$ discount if they pay within $10$ days of the date of the invoice.