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Which of the Following Correctly Describes Credit Terms of 2/10

Question 15

Multiple Choice

Which of the following correctly describes credit terms of 2/10, n/30?


A) A two percent discount for early payment is available if the invoice is paid before the tenth day of the month following the month the sale.
B) A two percent discount for early payment is available within ten days of the date of sale.
C) A ten percent discount for early payment is available if the invoice is paid within two days of the date of the invoice.
D) A two percent discount for early payment is available if the invoice is paid after the tenth day, but before the thirtieth day of the invoice date.

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