Roswell Company purchases inventory from Clear Pool Supplies on June $1.$ The sales terms on the invoice from Clear Pool Supplies are $3/10,$ n$/30.$ What does this mean? What is Roswell's potential savings, if any? How much time does the company have to take advantage of these savings?

$\frac{3}{10},\frac{n}{30}$ means that Roswell Company will get a $$ of the invoice date; otherwise, the full amount is due $$ The potential savings resulting from taking advantage of the discount will be $$ of the original invoice price. Roswell will need to pay the invoice within $$ days of the original invoice date in order to take advantage of these savings.