A sale on account for $1,000 offered with terms 2/10,n/30 means that the customers will get a $2 discount if payment is made within 10 days; otherwise,full payment is due within 30 days.

Name: A sale on account for $1,000 offered with terms 2/10,n/30 means that the customers will get a $2 discount if payment is made within 10 days; otherwise,full payment is due within 30 days.
Brand: Quizplus
Rating: 4.8 (50 reviews)

Question

Quizplus · Accepted Answer

The terms 2/10, n/30 mean a 2% discount is offered if payment is made within 10 days, not a $2 discount.

A Sale on Account for $1,000 Offered with Terms 2/10,n/30