Regarding Nordaville Corporation's credit terms of 3/10, n/45, which statement is correct?

a) A discount of 3% is offered if payment is made within 10 days; otherwise, net payment is due within 45 days.
b) A discount of 10% is offered if payment is made within 3 days; otherwise, net payment is due within 45 days.
c) A discount of 45% is offered if payment is made within 3 days; otherwise, net payment is due within 10 days.
d) There are no discounts; payment is due within 3 days or 10 days.