A discount expressed as "2/10 net 30" means the customer can take a 2 percent cash discount for making payment within 10 days. Otherwise, the customer must increase the invoice total by 2 percent and pay that amount in 30 days.

Question

Quizplus · Accepted Answer

"2/10 net 30" means the customer can take a 2 percent discount if they pay within 10 days; otherwise, the full amount is due in 30 days without any increase.

A Discount Expressed as "2/10 Net 30" Means the Customer