If an invoice contains the terms 2/10 net 30,the supplier is offering a 10% cash discount off the invoice price if the buyer pays quickly (within 2 days).

Name: If an invoice contains the terms 2/10 net 30,the supplier is offering a 10% cash discount off the invoice price if the buyer pays quickly (within 2 days).
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The terms 2/10 net 30 mean a 2% discount is offered if payment is made within 10 days, not a 10% discount for payment within 2 days.

If an Invoice Contains the Terms 2/10 Net 30,the Supplier