The credit term 2/10,n/30 means:
A)That after 10 days 2% interest is charged.
B)That there is a 10% discount if payment is received within 30 days.
C)That there is a 2% discount if payment is received within 10 days,otherwise,full payment is due within 30 days.
D)There is a 10% discount if paid immediately and 2% if paid within 30 days.

Question

Quizplus · Accepted Answer

The credit term 2/10,n/30 means that there is a 2% discount if payment is received within 10 days, otherwise full payment is due within 30 days.

The Credit Term 2/10,n/30 Means