A cash discount with the terms 2/10,net 30,means that the bill is due in full within two weeks or 10 business days in order to claim a 30 percent discount.

Name: A cash discount with the terms 2/10,net 30,means that the bill is due in full within two weeks or 10 business days in order to claim a 30 percent discount.
Brand: Quizplus
Rating: 4.8 (54 reviews)

Question

Quizplus · Accepted Answer

The terms 2/10, net 30 mean that the bill is due within 30 days, but a 2% discount can be taken if paid within 10 days. The discount is not 30%.

A Cash Discount with the Terms 2/10,net 30,means That the Bill