How much discount will a buyer receive if the buyer pays a trade credit bill of $60,000 with terms of sale of 2/5, net 30 on the net due date?
A) $0
B) $500
C) $1200
D) $3,000

Question

Quizplus · Accepted Answer

The terms 2/5, net 30 mean a 2% discount is available if the bill is paid within 5 days. Since the buyer pays on the net due date (30 days), they do not receive the discount.

How Much Discount Will a Buyer Receive If the Buyer