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

Name: If an invoice contains the terms 2/10 net 30, the supplier is offering a 10 percent cash discount off the invoice price if the buyer pays within 2 days.
Brand: Quizplus
Rating: 4.8 (50 reviews)

Question

Quizplus · Accepted Answer

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

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