If a firm grants credit with terms of 3/10, net 30, the customer Note wered Mand out 3.33 Flag Union #must pay a penalty of 3 percent when payment is made in more than 10 days after the sale b. receives a discount of 3 percent when payment is made in less than 10 days after the sale c. must pay a penalty for 10 percent when payment is made in more than 3 days after the sale Od receives a discount of 10 percent when payment is made in less than 3 days after the sale.