The term 2/10 net 30 means:
A)If the invoice is paid within 10 days,a 2% discount can be taken.If the invoice is paid between 11 and 29 days a 1% discount can be taken.After 30 days the full invoice is due.
B)If the invoice is paid within 2 days,a 10% discount can be taken,otherwise the full invoice is due in 30 days.
C)If the invoice is paid within 2 days,a 10% discount can be taken,otherwise a 2% discount can be taken if the invoice is paid in 30 days.
D)If the invoice is paid within 10 days,a 2% discount can be taken,otherwise the full invoice is due in 30 days.

Question

Quizplus · Accepted Answer

The term "2/10 net 30" means that a 2% discount is available if the invoice is paid within 10 days; otherwise, the full invoice amount is due in 30 days.

The Term 2/10 Net 30 Means