What does the "2" in 2/10, n/30 mean?

Name: What does the "2" in 2/10, n/30 mean?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The "2" represents the discount percentage that can be taken if the invoice is paid within 10 days. The "10" represents the number of days within which the payment must be made to qualify for the discount. The "n" represents the net payment amount that is due within 30 days. Therefore, option B is the correct answer as it accurately describes what the "2" in "2/10, n/30" means.

What Does the "2" in 2/10, N/30 Mean