David is looking at a bill for supplies his company bought. It is dated May 1st and the terms are 2/10; net 30. In order to pay the least amount, when should he pay the bill?

Question

Quizplus · Accepted Answer

The terms 2/10; net 30 mean that David can take a 2% discount if he pays within 10 days of the invoice date (May 1st), which would be by May 11th. Therefore, the latest he should pay to take advantage of the discount and pay the least amount is May 10.

David Is Looking at a Bill for Supplies His Company