Suppose a seller proposes a 1/15 net 60 discount terms. What are the payment choices for the customer?

a. The customer can reduce the amount by 1% if paid in 15 days, otherwise the full amount is due in 60 days

b. The consumer can reduce the payment aby 60% if paid in 15 days, otherwise the full amount is due in 1 month

c. The consumer can reduce the payment amount by 15% if paid in 15 days

d. The potential buyer can reduce the amount by 3% if paid in 10 days, otherwise the full amount is due in 45 days e. Cannot determine based on the information provided.