By offering 2 / 10, N / 30 credit terms it means that the price of an invoice is increased.

Name: By offering 2 / 10, N / 30 credit terms it means that the price of an invoice is increased.
Brand: Quizplus
Rating: 4.7 (55 reviews)

Question

Quizplus · Accepted Answer

2 / 10, N / 30 credit terms mean that a buyer can take a 2% discount on the invoice price if they pay within 10 days; otherwise, the net (full) amount is due within 30 days. This does not increase the price of an invoice; it offers a discount for early payment.

By Offering 2 / 10, N / 30 Credit Terms