Selling terms 2/10, net 30 indicates which of the following?
A) The purchaser is required to pay the entire bill within 10 days.
B) The purchaser can take a 20% discount if they pay within 30 days.
C) The purchaser can take a 2% discount if they pay within 10 days.
D) The purchaser can take a 2% discount if they pay within 30 days.

Question

Quizplus · Accepted Answer

This term means that the purchaser can take a 2% discount on the invoice amount if the payment is made within 10 days; otherwise, the full amount is due within 30 days.

Selling Terms 2/10, Net 30 Indicates Which of the Following