A firm grants credit with terms of 2/10, net 30.The firm's customers have ___ days to pay in order to receive a _____ percent discount.
A)2; 10
B)10; 2
C)15; 2
D)20; 2
E)30; 20

Name: A firm grants credit with terms of 2/10, net 30.The firm's customers have ___ days to pay in order to receive a _____ percent discount. A)2; 10 B)10; 2 C)15; 2 D)20; 2 E)30; 20
Brand: Quizplus
Rating: 4.9 (40 reviews)

Question

Quizplus · Accepted Answer

The credit terms "2/10, net 30" mean that customers can take a 2% discount if they pay within 10 days.

A Firm Grants Credit with Terms of 2/10, Net 30