Credit terms 2/10, net 30 means ________.
A) a discount of 10% is granted if payments are done within 30 days
B) a discount of 10% is granted if payments are done within 2 days, net 30 days available
C) a discount of 2% is granted if payments are done within 10 days, net 30 days available
D) a discount of 2% is granted if payments are done within 30 days, beyond which a 10% interest is charged

Question

Quizplus · Accepted Answer

Credit terms of 2/10, net 30 mean that a discount of 2% is offered if the payment is made within 10 days; otherwise, the full amount is due within 30 days.

Credit Terms 2/10, Net 30 Means ________