Your company purchases $50,000 of inventory from a wholesaler that allows you 45 days to pay. In addition, the wholesaler offers a 3% discount if payment is made within 12 days. These payment terms would be expressed as:

Multiple Choice

• n/45, 3/12.

• n/45,.03/12.

• 3/12, n/45.

• 03/12, n/45.