Treetop Nursery offers customer credit terms of 2/15 net 30. This gives customers a
A) 15 percent discount if they pay in two days.
B) 2 percent discount if they pay in thirty days.
C) 2 percent discount if they pay in fifteen days.
D) 15 percent discount if they pay in thirty days.

Question

Quizplus · Accepted Answer

The terms 2/15, net 30 indicate that a 2% discount is offered to customers paying by the 15th day after the billing. No discount is offered to customers paying between the 16th and the 30th day after the billing.

Treetop Nursery Offers Customer Credit Terms of 2/15 Net 30