What is the meaning of the term 2/10 net 30?
A)If the invoice is paid within 10 days a 2% discount can be taken.If the invoice is paid between 11 and 29 days a 1% discount can be taken.After 30 days the full invoice is due.
B)If the invoice is paid within 2 days a 10% discount can be taken,otherwise the full invoice is due in 30 days.
C)If the invoice is paid within 2 days a 10% discount can be taken,otherwise a 2% discount can be taken if the invoice is paid in 30 days.
D)If the invoice is paid within 10 days a 2% discount can be taken,otherwise the full invoice is due in 30 days.
E)If the invoice is paid within 2 days a 30% discount can be taken,otherwise the full invoice is due in 10 days.

Question

Quizplus · Accepted Answer

2/10 net 30 means that a 2% discount is available if the invoice is paid within 10 days; otherwise, the full amount is due within 30 days.

What Is the Meaning of the Term 2/10 Net 30