A company makes a purchase for $250 on December 1, terms 2/10 n/30. How much will the discount be if the amount is paid on December 16?
A) $5
B) $0
C) $10
D) $25

Question

Quizplus · Accepted Answer

The terms 2/10 n/30 mean that the buyer can take a 2% discount if the invoice is paid within 10 days; otherwise, the net (full) amount is due within 30 days. Since the payment on December 16 is outside the 10-day discount window, no discount applies.

A Company Makes a Purchase for $250 on December 1