On an invoice, credit terms that require the buyer to pay in full in 30 days but would grant the buyer a 2 percent discount for paying within 10 days would be expressed as
A) 2/30, n/10
B) full 30, 2/10
C) 2/10, n/30
D) 10/2, n/30

Question

Quizplus · Accepted Answer

Credit terms of "2/10, n/30" mean the buyer can take a 2% discount on the invoice amount if payment is made within 10 days; otherwise, the net (full) amount is due within 30 days.

On an Invoice, Credit Terms That Require the Buyer to Pay