A credit policy of "2/10, net 30" means
That if a customer pays its bill within 10 days, it will receive a 30 percent discount.
That if a customer pays its bill within 30 days, it will receive a 10 percent discount.
That if a customer pays its bill within 2 days, it will receive a 10 percent discount.
That if a customer pays its bill within 10 days, it will receive a 2 percent discount.
None of these are correct.

Question

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The Answer of A credit policy of "2/10, net 30" means
That if a customer pays its bill within 10 days, it will receive a 30 percent discount.
That if a customer pays its bill within 30 days, it will receive a 10 percent discount.
That if a customer pays its bill within 2 days, it will receive a 10 percent discount.
That if a customer pays its bill within 10 days, it will receive a 2 percent discount.
None of these are correct.

A Credit Policy of "2/10, Net 30" Means