A credit policy of "2/10, net 30" means that the selling company offers a 2 percent discount if the customer pays within 10 days.

Name: A credit policy of "2/10, net 30" means that the selling company offers a 2 percent discount if the customer pays within 10 days.
Brand: Quizplus
Rating: 4.9 (57 reviews)

Question

Quizplus · Accepted Answer

The credit policy of "2/10, net 30" means that the selling company offers a 2 percent discount if the customer pays within 10 days, and the net payment is due within 30 days.

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