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A credit policy of "2/10, net 30" means

jjolivette

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6 years ago

A credit policy of "2/10, net 30" means

A credit policy of "2/10, net 30" means
A) That if a customer pays its bill within 10 days, it will receive a 30 percent discount.
B) That if a customer pays its bill within 2 days, it will receive a 10 percent discount.
C) That if a customer pays its bill within 10 days, it will receive a 2 percent discount.
D) That if a customer pays its bill within 30 days, it will receive a 10 percent discount.
E) None of these are correct.

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Business Essentials, Canadian Edition

Edition: 8^th

Authors: Ebert, Griffin, Starke, Dracopoulos

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