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 quickly (within two days).

Question

Quizplus · Accepted Answer

The terms 2/10 net 30 mean the supplier is offering a 2 percent discount if the invoice is paid within 10 days, not 10 percent within two days. The full payment is due within 30 days if the discount is not taken.

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