If an invoice lists the terms of trade credit as 2/10 net 30, it means that the supplier is offering a 10 percent cash discount off the invoice price if the buyer pays within 2 days.

Name: If an invoice lists the terms of trade credit as 2/10 net 30, it means that the supplier is offering a 10 percent cash discount off the invoice price if the buyer pays 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 within 2 days.

If an Invoice Lists the Terms of Trade Credit as 2/10