Backstreet books, inc., an eclectic book and music store near a large college campus, is a reseller. the operation buys books almost every day. deliveries are constantly part of the day-to-day operation of the firm. the transportation company that delivers to backstreet books provides this service on trade credit terms of 3/5, net 30. this means the firm

a) will receive a 5% discount if they pay within the first three days, but the entire bill is due in 30 days
b) will pay 30% of the charge on delivery and the rest within 5 days
c) is offered a 3% discount if it pays during the first 5 days. the entire bill is due in 30 days
d) will receive 10% discount on the first 5% of the order. the entire bill is due in 30 days